Skip to content
  • Facebook
  • X
  • Linkedin
  • WhatsApp
  • YouTube
  • Associate Journalism
  • About Us
  • Privacy Policy
  • 033-46046046
  • editor@artifex.news
Artifex.News

Artifex.News

Stay Connected. Stay Informed.

  • Breaking News
  • World
  • Nation
  • Sports
  • Business
  • Science
  • Entertainment
  • Lifestyle
  • Toggle search form
  • Access Denied
    Access Denied Nation
  • US Woman Tried To Hire Hitman To Kill Wife Of Man She Met Online, Jailed For 8 Years
    US Woman Tried To Hire Hitman To Kill Wife Of Man She Met Online, Jailed For 8 Years World
  • Two arrested after multiple people stabbed on U.K. train, police say
    Two arrested after multiple people stabbed on U.K. train, police say World
  • Access Denied
    Access Denied Nation
  • Gold plunges ₹350; silver declines ₹300
    Gold plunges ₹350; silver declines ₹300 Business
  • 2 Galaxies Merge In Space, Webb Telescope Sends In Pics
    2 Galaxies Merge In Space, Webb Telescope Sends In Pics World
  • Access Denied Sports
  • Have household savings reduced?  – The Hindu
    Have household savings reduced?  – The Hindu Business
The issue of India’s economic growth versus emissions

The issue of India’s economic growth versus emissions

Posted on December 8, 2024 By admin


‘While India’s relative decoupling is a step in the right direction, the path to absolute decoupling is still a long and complex journey’
| Photo Credit: Getty Images

The Indian economy has consistently showcased its robust growth over the past few decades. But higher economic growth is believed to have come with increasing environmental pressure, notably through higher greenhouse gas (GHG) emissions. However, India’s Economic Survey (2023-24) claims that India has decoupled its economic growth from GHG emissions, as between 2005 and 2019, India’s GDP grew at a compound annual growth rate (CAGR) of 7%, while emissions rose at a CAGR of just 4%. This raises a crucial question: has India really decoupled its economic growth from GHG emissions? And, what does this mean for sustainable development?

What it means

Decoupling refers to breaking the link between economic growth and environmental degradation. Historically, economic growth is found to be positively related with environmental degradation, as this growth is believed to be a driver of GHG emissions. However, with the growing climate crisis, the imperative to reduce emissions while ensuring continued economic growth has gained global traction.

Decoupling has largely been classified into two types: absolute decoupling and relative decoupling. Absolute decoupling occurs when the economy grows, while emissions decrease. This is the ideal form of decoupling, where countries grow economically without increasing environmental harm. However, relative decoupling happens when both GDP and emissions grow, but the rate of GDP growth surpasses the rate of emissions growth. While this signifies progress, at the same time, it acknowledges that emissions continue to rise.

Decoupling of economic growth and GHG emissions is important. On one hand, it offers a path to sustainable growth and development, a way for nations to grow and improve living standards without exacerbating climate change. On the other, it comes as a response to rising demand for degrowth and sparks the ongoing debate between green growth and degrowth. Proponents of green growth argue that it is possible to maintain or even increase economic growth while reducing environmental harm. In contrast, degrowth advocates suggest that economic growth itself is the primary driver of ecological degradation and should be curbed in favour of reducing resource consumption. But proponents of degrowth overlook the fact that countries, in addition to tackling rising GHG emissions and the climate change, are also required to tackle low standards of living, energy poverty and ensure a decent life, which could be taken care of through economic growth.

The claim

The claim of India’s decoupling made in the Economic Survey comes from comparing GDP and emissions growth rates between 2005 and 2019. The Survey does not specify whether this represents absolute or relative decoupling. Using various decoupling indicators discussed in OECD (2002), we examine the status of the economy-wide and sector-wise decoupling status for India. Since the 1990s, with significant trade liberalisation, India has been experiencing steady and stable economic growth. Hence, we are examining how GDP and emission generation are growing in India with respect to the levels of 1990. While there has been no absolute decoupling in India, since 1990, GDP in India has grown at a much higher pace than the GHG emissions in the country, indicating economy-wide relative decoupling. Since, the agriculture and manufacturing sectors are among the major contributors of emission generation in India, it is also important to understand whether these sectors have also achieved decoupling or not, which has been assessed by comparing rate of growth of GVA of the respective sector with the rate of growth of GHGs emitted by the sector. From 1990, India’s GDP has grown six-fold, while GHG emissions have only tripled.

Efforts must continue

From the data, it seems that India may have achieved relative decoupling, where emissions are still rising but at a slower pace than the economy. This achievement, while commendable, falls short of the ultimate goal of absolute decoupling, where economic growth can continue even as emissions fall. While most countries fall short of achieving absolute decoupling and still experience rising emissions as GDP increases, many countries have at least managed to achieve a declining rate of growth of emissions. Given that India is a developing country which has not even peaked its emissions yet, emissions are expected to increase with economic growth. Hence, achieving absolute decoupling is not going to happen anytime soon. While India’s relative decoupling is a step in the right direction, the path to absolute decoupling is still a long and complex journey. Efforts must still be taken and it will be a significant challenge. This remains a necessary target if India is to meet its long-term climate commitments. Policies and measures that support renewable energy, emission mitigation, and sustainable development will be crucial in ensuring that economic growth and environmental preservation can coexist, ensuring a prosperous and sustainable future for India.

Badri Narayanan Gopalakrishnan is Visiting Senior Fellow, Centre for Social and Economic Progress (CSEP). Shifali Goyal is Research Associate, Centre for Social and Economic Progress (CSEP). The views expressed are personal

Published – December 09, 2024 12:08 am IST



Source link

Business Tags:agriculture and manufacturing sectors, economic growth and environmental degradation, green growth, higher greenhouse gas emissions, increasing environmental pressure, Indian economy and robust growth, India’s Economic Survey, India’s GDP and compound annual growth rate

Post navigation

Previous Post: Lewis Hamilton Ends Mercedes Era With Cheers, Tears And A Rousing Drive
Next Post: Biden says Assad’s fall in Syria is a ’fundamental act of justice,’ but ’a moment of risk’

Related Posts

  • Broadcom to launch new networking chip, as battle with Nvidia intensifies
    Broadcom to launch new networking chip, as battle with Nvidia intensifies Business
  • Rupee recovers 3 paise to 83.58 against U.S. dollar in early trade
    Rupee recovers 3 paise to 83.58 against U.S. dollar in early trade Business
  • Part of RIL refinery heading for maintenance after Nayara’s Vadinar refinery comes back online in mid-May
    Part of RIL refinery heading for maintenance after Nayara’s Vadinar refinery comes back online in mid-May Business
  • REC Signs MoU With PFC For FYs 2023-24 And 2024-25
    REC Signs MoU With PFC For FYs 2023-24 And 2024-25 Business
  • Rupee Falls 9 Paise To Settle At Lifetime Low Of 83.22 Against US Dollar
    Rupee Falls 9 Paise To Settle At Lifetime Low Of 83.22 Against US Dollar Business
  •  Record breaking Q2 growth in India: Apple
     Record breaking Q2 growth in India: Apple Business

More Related Articles

Access Denied Business
Access Denied Business
Spending abroad by Indians falls to two-year low as foreign education outgo plummets Spending abroad by Indians falls to two-year low as foreign education outgo plummets Business
Access Denied Business
Markets jump 1% on easing global trade tensions; PSU Banks, Auto stocks shine Markets jump 1% on easing global trade tensions; PSU Banks, Auto stocks shine Business
 No due priority to agriculture in Budget: Farmers Commission Chairman  No due priority to agriculture in Budget: Farmers Commission Chairman Business
SiteLock

Archives

  • May 2026
  • April 2026
  • March 2026
  • February 2026
  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Business
  • Nation
  • Science
  • Sports
  • World

Recent Posts

  • Jockeying for the KPCC president’s post gains momentum, even as uncertainty looms over the party’s Chief Minister choice
  • China, U.S. jointly crack down on transnational drug smuggling ring ahead of Trump’s visit
  • Greatest setback for workers’ rights since Independence: Congress on new labour codes
  • West Bengal Secretariat moving back to Writers’ Buildings; small traders hope for revival of businesses
  • IT industry body NITES seeks official advisory for Work from Home measures amid rising oil prices 

Recent Comments

  1. Andrewfoods on UP Teacher Who Asked Students To Slap Muslim Classmate
  2. JamesTruff on UP Teacher Who Asked Students To Slap Muslim Classmate
  3. EnriqueExins on UP Teacher Who Asked Students To Slap Muslim Classmate
  4. CliftonInese on UP Teacher Who Asked Students To Slap Muslim Classmate
  5. JamesTruff on UP Teacher Who Asked Students To Slap Muslim Classmate
  • After Trinamool MLA’s ‘Babri Masjid’ Plan, BJP Announces Ram Temple Project In West Bengal
    After Trinamool MLA’s ‘Babri Masjid’ Plan, BJP Announces Ram Temple Project In West Bengal Nation
  • Access Denied Sports
  • “Selfish, Spiteful, Disruptive”: R Ashwin Blasted By South Africa Great For Mid-Series Retirement
    “Selfish, Spiteful, Disruptive”: R Ashwin Blasted By South Africa Great For Mid-Series Retirement Sports
  • Access Denied
    Access Denied Nation
  • Access Denied Sports
  • Access Denied World
  • Access Denied World
  • Watch: TMC, BJP lock horns over EVM tampering claims | Above the Fold | 01.05.2026 World

Editor-in-Chief:
Mohammad Ariff,
MSW, MAJMC, BSW, DTL, CTS, CNM, CCR, CAL, RSL, ASOC.
editor@artifex.news

Associate Editors:
1. Zenellis R. Tuba,
zenelis@artifex.news
2. Haris Daniyel
daniyel@artifex.news

Photograher:
Rohan Das
rohan@artifex.news

Artifex.News offers Online Paid Internships to college students from India and Abroad. Interns will get a PRESS CARD and other online offers.
Send your CV (Subjectline: Paid Internship) to internship@artifex.news

Links:
Associate Journalism
About Us
Privacy Policy

News Links:
Breaking News
World
Nation
Sports
Business
Entertainment
Lifestyle

Registered Office:
72/A, Elliot Road, Kolkata - 700016
Tel: 033-22277777, 033-22172217
Email: office@artifex.news

Editorial Office / News Desk:
No. 13, Mezzanine Floor, Esplanade Metro Rail Station,
12 J. L. Nehru Road, Kolkata - 700069.
(Entry from Gate No. 5)
Tel: 033-46011099, 033-46046046
Email: editor@artifex.news

Copyright © 2023 Artifex.News Newsportal designed by Artifex Infotech.