COP21

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India Could Be The Torchbearer In The Global Transition To Clean Energy

Energy ministers and delegates from more than 20 leading economies gathered at the 7th Clean Energy Ministerial (CEM) last week in San Francisco, to accelerate action on transitioning to the clean energy future envisioned at COP21. The historic Paris Agreement adopted by 195 countries at COP21 is an unprecedented opportunity to advance the political dialogue on international cooperation for a global clean energy transition. Can India with its exceptionally bold renewable energy (RE) targets spearhead this movement?
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Instruments Of Change: Raising Investments For India's Climate Commitments

Public-private collaboration will be essential to raising the finance needed for India's cleaner growth. While the right domestic policies will be key to facilitating finance, greatly scaling up investment from the private sector will be the only way to mobilise the full amount of capital needed to meet India's renewable energy targets. In order to scale up private investment, India needs financial instruments for renewable energy and other green infrastructure that are a better match with investors' needs.
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Why Paris Must Not Repeat Kyoto's Mistakes

The Kyoto Protocol has been largely unable to achieve the reduction in emission targets it set out for developed economies. With the US withdrawing from the Kyoto Protocol in 2003 and an increase in Canada, Australia and Japan's emissions by more than 23.4%, 22% and 8.1% respectively from 1990 levels, the Kyoto Protocol has essentially been a failure. The lesson is loud and clear: international law can sometimes end up being a very poor mechanism for allocating emissions permits.
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COP21: India Should Stand Its Ground In Battle Between Moral Duties And Realism

It was never a secret that India would be the center of attention at COP21. However, the narrative towards some sort of agreement by December 11 will require compensations from both the developed and developing markets, the former taking the lead role. The developing world today is asking for billions of dollars in critical funding from the developed nations in order to orchestrate a side step from fossil fuels to clean energy.
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Climate Change Lobbying Cannot Win Without The Money Talk

A recent Citigroup-funded report suggests that rejigging global economies to run green will cost around $44 trillion. Unfortunately, short of some "world government" approach, developing countries cannot absorb the infrastructural costs required to seriously sidestep into renewable energy. Furthermore, for India or China to sacrifice their current growth purple patch would be highly impractical, if not plain stupid.