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Ecology & Environment
Pradeep Kumar

26/03/21 12:00 PM IST

Net-zero emission

In news

Recently 58 countries announced net-zero emission targets

Aim

In the next 30 years, they aim to reduce their emissions of climate change-causing carbon dioxide and other GHGs, and remove what they do emit through planting trees or advanced technologies.

Details
  • Together these countries account for more than half the world’s current GHG emissions.
  • The International Energy Agency predicts that much of India’s future emissions will come from things that have not yet been built — transport infrastructure, industry, and buildings — pointing to the opportunity to build cleaner. 
  • A strong set of climate actions across multiple sectors can generate 24 million jobs in just 15 years. 
  • For example, more ambitious policies to promote electric vehicles along with cleaner electricity and hydrogen electrolysis can create jobs in the auto manufacturing industry and in the electricity and construction sectors.
  • Some jobs may decline in vehicle maintenance and repair, but far more jobs are likely to be induced by government and household spending.
  • 25 per cent of the Centre’s tax revenue comes from the energy sector, so weaning away from fossil fuels will also deplete the government’s coffers.
Source: Indian Express

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