{"id":504293,"date":"2022-07-08T11:39:02","date_gmt":"2022-07-08T06:09:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=504293"},"modified":"2022-07-08T11:39:02","modified_gmt":"2022-07-08T06:09:02","slug":"india-may-see-revenue-gap-of-usd-178-billion-by-2050-as-world-moves-to-cleaner-energy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-may-see-revenue-gap-of-usd-178-billion-by-2050-as-world-moves-to-cleaner-energy\/","title":{"rendered":"India may see revenue gap of USD 178 billion by 2050 as world moves to cleaner energy"},"content":{"rendered":"<p>New Delhi: India could register a gap of $178 billion in revenue from fossil fuels by 2050 as the world moves towards cleaner energy to limit global warming to 1.5 degree Celsius, a report by International Institute for Sustainable Development (IISD) said on Thursday.<\/p>\n<p>Under the 2015 Paris Agreement, countries have agreed to limit global warming to well below 2 degrees Celsius, preferably to 1.5 degrees Celsius, compared to pre-industrial levels.<\/p>\n<p>Six emerging economies \u2013 Brazil, Russia, India, Indonesia, China and South Africa \u2013 need to start changing their fiscal policies to account for declining fossil fuel use or risk a $278 billion gap in revenues by 2030, which is equivalent to the combined total government revenues of Indonesia and South Africa in 2019, the report titled \u2018Boom and Bust: The Fiscal Implications of Fossil Fuel Phase-Out in Six Large Emerging Economies\u2019 said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: India could register a gap of $178 billion in revenue from fossil fuels by 2050 as the world moves towards cleaner energy to limit global warming to 1.5 degree Celsius, a report by International Institute for Sustainable Development (IISD) said on Thursday. Under the 2015 Paris Agreement, countries have agreed to limit global warming to well below 2 degrees Celsius, preferably to 1.5 degrees Celsius, compared to pre-industrial levels. Six emerging economies \u2013 Brazil, Russia, India, Indonesia, China and South Africa \u2013 need to start changing their fiscal policies to account for declining fossil fuel use or risk [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,236],"tags":[],"class_list":["post-504293","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-power-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=504293"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504293\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=504293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=504293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=504293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}