3 Issues to Watch as China and India Move Toward Sustainable Development
By 2030, India and China will represent 34% of the world’s population, 30% of the global economy and 32% of its primary energy demand.
The Indian Council for Research on International Economic Relations (ICRIER), TSING HUA University and the New Climate Economy highlighted three issues in a conference held at New Delhi in January 2018.
India is on track to exceed its 2022 Renewable energy targets with the acceleration wind and solar installations. China, advancing on its 2030 goals, has shown more than 40 percent progress toward its emissions intensity, forest stock volume and clean energy goals. Both the countries have maintained annual economic growth of 6.8% (India) and 7.1% (China).
China is the world's largest manufacturer of electric vehicles, while India has pledged to only sell electric vehicles by 2030. These targets could redefine public transit and reduce air pollution.
China recently launched the world's largest carbon trading scheme in its power sector, which currently emits 3.3 billion tons of carbon dioxide annually. India's (Perform, Achieve, Trade) scheme aims to improve industrial energy efficiency by creating a trading market for efficiency certificates in energy-intensive sectors.
Source:World Resources Institute
Picture credit to:Diego Jimenez
