New article in Energy Strategy Reviews on assessing enhanced NDC and development pathways for India
A new research article has been published by NDC ASPECTS' partners Saritha Sudharmma Vishwanathan, Panagiotis Fragkos, Konstantinos Fragkiadakis, and Amit Garg in the Energy Strategy Reviews journal. The authors assessed the socio-technical, financial and macro-economic implications of India's energy sector transformation away from coal, by coupling a bottom-up technology-rich energy system model with a macroeconomic computable general equilibrium model.
Findings reveal that, in order to move towards its Net Zero target by 2070, India will need to restructure its coal-based power and industry sector. While there are some uncertainties in terms of the future development of renewable sources, about 225–230 bt of coal (valued at 6.5–6.8 Trillion USD) could be stranded by 2050. Additionally, large sectoral shifts in labour market are expected due to decarbonisation.
For more details, download the article below or read it online on https://doi.org/10.1016/j.esr.2023.101152.