Who’s afraid of net zero target?
A storm is brewing on the climate diplomacy front that India needs to navigate carefully to avoid becoming a fall guy. The issue at hand is the pledge by countries to achieve “net zero” emission by the mid-century. Over 120 countries have already announced their intention to achieve carbon neutrality by 2050. China intends carbon neutrality before 2060, and the US is considering a 2050 pledge. Being the third-largest emitter, there is pressure on India to announce its commitment as well.
Net zero or carbon neutrality means that the amount of CO2 produced by a country is balanced by the amount removed from the atmosphere. According to the Intergovernmental Panel on Climate Change (IPCC), to limit the global temperature increase to 1.5°C, global net CO2 emissions should decline by about 45% by 2030, reaching net zero around 2050.