The world’s fastest-growing emitter of carbon dioxide could wean itself off coal entirely by 2050, a new report suggests—if the right policies are put in place and prices for both batteries and renewable energy sources continue to fall at the current pace.
Research from The Energy and Resources Institute (TERI) in India suggests that the country can cut its CO2 emissions by up to 10% or 600 million tonnes after 2030, should renewable energy and batteries become less costly than coal within a decade, reports the Financial Times (FT). The report further suggests that, if New Delhi has policies in place that encourage the viability of an electricity grid that largely runs on renewables, the country can even phase out coal-fired power plants entirely by 2050.
” This is perfectly achievable if government gets its policies right,” TERI director-general Ajay Mathur told the FT. “India’s power sector could be coal-free by 2050. ” The country of more than 1.2 billion people is currently the world’s fastest-growing polluter, as emissions grow in tandem with its burgeoning economy. India’s carbon emissions volume grew by over 8% in 2014 and 5% in 2015 respectively, according to the FT.