Impact of Climate Change Policies on the Growth of the Indian Economy

Submitted by: Submitted to:

Group No. 06 Prof. A Dubey

CCBMDO Batch: 08 Business Economics-II

Assignment 1 March 05, 2012

IMPACT OF CLIMATE CHANGE POLICIES

ON THE GROWTH OF THE INDIAN ECONOMY

CONTENTS

CHAPTER TOPIC DESCRIPTION PAGE

I INTRODUCTION 02

II CLIMATE CHANGE AND ITS IMPACTS ON ECONOMY 03-05

III MAJOR POLICIES IN INDIA TO MITIGATE CLIMATE CHANGE 06-08

IV EFFECT ON DEVELOPMENT 09-12

V CONCLUSION 13

ANNEX BIBLIOGRAPHY 14

GROUP NO. 06

- ANUMEHA P

- AGIN KUMAR C

- PRADEEP KUSHWAHA

- SAMUEL SANDEEP R

- HS CHEEMA

I - INTRODUCTION

Developing countries’ green house gas emissions will most probably exceed those of the developed world within the first half of this century, foregrounding the need for developing countries’ concerted efforts to reduce the adverse impact of climate change. Even though developing nations have not been keen to accept binding emissions targets, asking that developed nations take action first, most of them are undertaking efforts that have reduced the growth in their own emissions significantly. In most cases, climate mitigation is not the goal, but rather an outgrowth of efforts driven by economic, security, or local environmental concerns.

The issue with climate change is that its impact is not limited to a certain area or bounded by geographical locations. This makes it mandatory for all the nations-whether major contributors to climate change or not, to take steps to control the extent of climate change by reducing or at least limiting their carbon emissions to the current levels. India is a minor contributor to the global carbon emissions at around 3-4% of global levels but it still needs to take steps to limit its emissions since they are on an upward trend due to the direct relationship between economic growth and green house gas emissions.

India is growing at very fast pace, but still needs to go a long way in solving its economic and social issues. More