‘Greening the time’ can help India achieve its climate goals | Mint - Mint
‘Greening the time’ can help India achieve its climate goals | Mint
3 min read 23 Jul 2023, 02:51 PM IST
‘Greening the time’ can help India achieve its climate goals
It is important to consider multiple time zones for India, perhaps starting with two to keep things simple
Premium Electricity costs vary by time. A kilowatt of power demanded during the afternoon has a significantly lower carbon footprint and cost compared to a kilowatt in the late evening
A green revolution is underway, with green energy, green buildings, green transport, green finance and more. It is time to think of ‘greening the time’ to enable our ambitious climate goals.
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Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”