India’s ‘LiFE’ initiative can save $440 bn globally in 2030: IEA Report
1 year, 10 months ago

India’s ‘LiFE’ initiative can save $440 bn globally in 2030: IEA Report

Live Mint  

New Delhi: The ‘Lifestyle for Environment’ or LiFE initiative of India for the adoption of energy-efficient behaviour can save the world $440 billion in 2030, according to a report by International Energy Agency The report titled ‘LiFE lessons from India’ said that the saving would be equivalent to around 5% of all fuel spending across the global economy in that year. “LiFE measures would also save consumers globally around $440 billion in 2030 through both lower consumption and lower prices, according to the IEA modeling,” it said. Based on IEA modelling, the reductions in annual per capita CO2 emissions from behavioural change in advanced economies by 2030 are three to four-times greater than in developing economies. The initiative was further developed and formally launched in October 2022 by the prime minister and the UN Secretary General António Guterrez as Mission LiFE, a global mass-movement led by India to nudge individual and community behavioural change in order to reduce emissions, protect the environment and conserve resources.

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