As the world’s leading economies are directing trillions of dollars towards COVID-19 recovery packages, a significant proportion is going to fossil fuel industries without climate-related conditions, risking clean energy opportunities in the coming decade, a G20 climate performance report said on Wednesday.
India, it said, is not on track for a 1.5 degrees Celsius world. To be on track, India needs to limit its carbon dioxide (CO2) emissions to 4.597 MtCO2e by 2030 and below 3.389 MtCO2e by 2050.
India can do so by adopting a ‘no new coal’ policy as well as working on a plan to phase out coal by 2040.
India’s average death rate per 1,000 due to air pollution is more than 1.7 to 18 times the G20 average.
