For an emerging economy like India, the response to climate change will be shaped by a number of dynamic factors, complementary and competing at different junctures. The contours of this response will be determined by geopolitical power-play; economic growth; consumer behaviour; poverty and social justice; the influence of incumbent and new businesses; governance and political leadership at the centre and the provinces – and most importantly the ability to attract and generate finances. This paper discusses the influence and interactions of these factors at three distinct levels. First it discusses the global (dis)agreements on climate and some of the boundaries of policymaking. Then the paper discusses the Indian domestic imperatives that are decisively influencing its carbon choices. Finally, it shows that – with the growth in the aspirations and affluence of the Indian middle class – the ‘consumption economy’ will increasingly influence India’s carbon profile.
Here the link to the entire chapter (pdf-file).
For more information on the publication “Chevening Fellowship – Economics of Climate Change: A global perspective”,University of Cambridge, please visit this link.