WRI India's Strategic Roadmap for Decarbonizing India's Industrial Sector
Key Ideas
- WRI India's strategic roadmap aims to decarbonize India's industrial sector in alignment with the nation's net-zero goal by 2070.
- Key strategies include industrial electrification and hydrogen use, energy efficiency measures, material efficiency, carbon pricing, and CCUS.
- Recommendations focus on investing in green hydrogen, promoting circular economy initiatives, supporting MSMEs, R&D, local manufacturing, and workforce development.
- Industrial decarbonization is seen as a significant opportunity for economic growth, job creation, and global competitiveness with the right policies and investments.
WRI India has introduced a strategic roadmap to decarbonize India’s industrial sector in line with the country's net-zero target by 2070. The expert note, Pathways to Net Zero, emphasizes the need to cut industrial emissions by 65% by 2050 to avoid a potential tripling of emissions without intervention. Key strategies outlined include industrial electrification and increased hydrogen use, aiming for 50% fuel substitution by 2050 to reduce emissions by 42%. Additionally, energy efficiency measures could lead to a 16% reduction in emissions, while enhancing recycling in industries like cement and steel could cut emissions by 12%. The gradual implementation of carbon pricing is suggested to lower emissions by 10%, along with the essential adoption of Carbon Capture and Storage (CCUS) for industries like cement and chemicals, despite existing challenges. WRI India recommends policy actions such as investing in green hydrogen, promoting circular economy initiatives, supporting MSMEs, strengthening R&D, boosting local manufacturing, and developing a skilled workforce. Experts highlight that industrial decarbonization presents a significant opportunity for economic growth, job creation, and global competitiveness. With the right policies and investments, India's industries can transition towards a sustainable and low-carbon future.
Topics
India
Green Hydrogen
Energy Efficiency
Decarbonization
Policy Interventions
Economic Growth
Carbon Pricing
Circular Economy
Industrial Emissions
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