Aligning growth, politics and climate
Hindustan TimesAs Covid-19 vaccines roll out, the focus has shifted to economic recovery. From United States President Joe Biden’s climate leaders summit, the G-7 in the United Kingdom to the United Nations’ High-Level Dialogue on Energy, G-20 meetings, and Conference of the Parties-26 climate negotiations, India will face pressure this year to announce a target year for net-zero emissions. State-run distribution companies are locked into power purchase agreements that force them to buy from inefficient coal power plants, whereas investments in newer plants yield low returns, thanks to low-plant load factors. Further, India could save about ₹20,000 crore by shutting down inefficient plants, support their employees, create vastly more jobs, and level the field for a new power elite. Days after the Chamoli glacial burst, will a climate leader step up in India, build coalitions with an emerging green elite and make the welfare of the people and the planet an electorally winning issue?