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Study on Identifying Specific Policy Options with the Aim of Reducing Carbon Intensity in India

Report Identifying Specific Policy Options with the Aim of Reducing Carbon Intensity in India

Government of India has approved the National Action Plan on Climate Change (NAPCC) and its constituent eight missions prepared under the aegis of the Prime Minister's Council and furthermore, an 'Expert Group on Low Carbon Strategies for Inclusive Growth' chaired by Dr. Kirit Parikh has been set up to provide technical and policy options to reduce 20-25% emission intensity by 2020. Various other countries are aggressively pursuing low carbon growth plans. Various other countries are aggressively pursuing low carbon growth plans. They are rapidly disseminating the lessons that have been learnt globally in implementing low carbon growth plans and applying them to the challenges faced in India. It may be possible for India to leapfrog these experiences and accelerate the implementation of policies that are a deviation from the business as usual scenario. India may be possible for India to leapfrog these experiences and accelerate the implementation of policies that are a deviation from the business as usual scenario. Under this context, the aim of this study project was to provide practical recommendations on low carbon policy options to support the ‘Expert Group on Low Carbon Strategies for Inclusive Growth' appointed by the Planning Commission to reduce Indian’s emission intensity. The study aims to provide practical recommendations for the policy landscape in India.  The three key domains identified by stakeholders are –  Renewable Energy Certificates (RECs), Green/Energy Efficient Buildings and Low Carbon Institutional Framework needed both for governing and enabling institution required.

    The study 'Identifying specific policy options with the aim of reducing carbon intensity in India' is undertaken by AEA, Emergent Ventures India and IRADe, and supported by the British High Commission.

    The study was carried out through continuous interactions with Indian stakeholders in the form of interviews, discussions and roundtables. Extensive range of consultation, interaction, workshop and seminars were held in India to finding out the Practical recommendation on key policy instruments required for low carbon growth India.
     
    Key Recommendations

    Renewable Energy Certificates (RECs):

    • Ensuring policy certainty and regulatory compliance by demonstrating a national policy commitment for RECs by setting appropriate targets that aligns with national level targets of renewable energy generation.
    •  Setting uniform RPO targets across states in India along with minimum Price guarantee for RECs and strengthening the penalty mechanism

    Green and energy efficient building standards:

    • Implement green and energy efficient building standards by incentivising owners and developers to overcome barriers related to capital intensity, high cost and general reluctance to move from existing practice. Central financial assistance could be provided to city municipalities and other local bodies to finance these incentives.
    • Reduce the knowledge gaps and promote greater sharing of information amongst technical experts and developers to incorporate Green building/ energy efficiency techniques in building design and construction.
    • Strengthen the supply chain of green building materials to  ensure that the green building market can operate on a reasonable scale
    • Stricter regulatory provisions and mandating standards for making designers and contractors for rapid adoption of techniques and technologies for green and energy efficient buildings.

    Low carbon governance and institutional framework:

    • A special unit such as the Low Carbon Growth Unit (LCGU) could be set up in planning commission to focus expressly on delivery of those aspects of the 5-Year Plan with climate elements linked to the NAPCC.
    • Ensure institutional mechanism to enforce the recommendations and provide guidance on how to strengthen the enabling regulatory (CERC), financial (Banks) and technical (BEE) institutions for implementing low carbon growth plans.   
    • Improve the institutional framework to support private sector action

    About Integrated Research and Action for Development (IRADe):

    IRADe, a regional energy think tank headquartered in New Delhi. IRADe is a fully autonomous Advanced Research Institute, which aims to conduct research and Policy Analysis and connect various Stakeholders including Government, Non-Governmental Organizations (NGOs), Corporations, and Academic and Financial Institutions. Its research covers many areas including Energy & Power Systems, Urban Development, Climate Change & Environment, Poverty Alleviation & Gender, Food Security & Agriculture, as well as the Policies that affect these areas.

    For additional information please contact:
    Er. Rajiv Ratna Panda,
    Project Manager (Energy and Power), IRADe
    rajivpanda@irade.org , +91 11 26676181 (Extn.: 42)

       

       
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