Coordinating renewable electricity production and economic growth for the achievement of net zero emissions in India
摘要
In alignment with the SDGs (7, 12, and 13) and India’s commitment to attain carbon neutrality by 2070, the study scrutinizes the efficacy of renewable electricity production and economic growth in attaining carbon neutrality in India. Further investigates the magnitude of carbon emission change with respect to minor to major changes in renewable electricity production through the MTNARDL model. Our results reveal that the transition towards renewable electricity production is significantly effective in attaining the carbon neutrality goal across the quantiles. Moreover, the study confirms a valid inverse N-pattern EKC through the satisfaction of necessary and sufficient conditions. Findings highlight that India can expect a decrease in CO2 emissions at a per capita GDP threshold of 3100.0 USD after 2032. The policy perspective suggests that India must expedite its growth trajectory to attain the income threshold beyond which further rises enhance carbon neutrality. Nevertheless, policymakers must ensure that the growing income is not harming the environment. Further, given the potentiality of renewable electricity production in enhancing environmental quality, the Indian government may prioritise switching to renewable energy to reach net-zero emissions.