A Brief Study on Contemporary Status of Net-Zero Initiatives of India: Impacts, Challenges, and Future Prospects

Abstract

As the world witnesses extensive globalization, rapid growth, and a boost in various technology-oriented domains, the advent of the increase in global temperature increase has also been appearing inevitable. The concern for climate change has been kept in focus by India as well, for which the Government of India (GOI) has formulated a sizable amount of regulatory mechanisms and policies. Also, a set deadline has been designated for attaining the target pertaining to a transition to a green energy-oriented economy. The focus of this paper is going to discuss the net-zero frameworks instigated by the GOI in the broader light of climate change. The discussion revolves around the scope of policies, regulatory mechanisms, the establishment of industrial facilities such as carbon capture utility and storage (CCUS), and the significance of green transitions in certain economic sectors. The challenges which are faced while executing these policies on the ground have also been deliberated upon by giving a mention of trends of emission in India, and hence, the prospective solutions and measures which could help India accelerate its track for achieving the climate change targets are listed.