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Sustainable energy transformations in India under climate policy
Author(s) -
Shukla Priyadarshi R.,
Chaturvedi Vaibhav
Publication year - 2011
Publication title -
sustainable development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.115
H-Index - 64
eISSN - 1099-1719
pISSN - 0968-0802
DOI - 10.1002/sd.516
Subject(s) - sustainability , renewable energy , environmental economics , dividend , climate change mitigation , climate policy , carbon tax , welfare , natural resource economics , climate change , business , sustainable development , sustainability science , global warming , environmental resource management , economics , social sustainability , ecology , market economy , finance , biology
The paper uses an integrated assessment model, GCAM, to analyze two emission stabilization approaches for India – a conventional approach relying on carbon price to typically influence fuel switch and carbon capture and storage responses, and a sustainability approach that aims to conserve resources and deliver multiple dividends. An important feature of the sustainability approach is the focus on national policies to push solar and wind technologies. The paper concludes that sustainability push at a global level for renewable energy technologies is essential together with coordinated national policies and actions, if the 2 °C target is to be achieved with lower global welfare losses. Copyright © 2011 John Wiley & Sons, Ltd and ERP Environment.