NITI Aayog Sets Framework for India's Net-Zero Economy by 2070

Services

FNO Stocks with CA Abhay

Equity Trading with CA Abhay

Equity Investment with CA Abhay

Stock Market Masterclass

Option Trading with CA Abhay

NITI Aayog Sets Framework for India's Net-Zero Economy by 2070

Team FS

01/Jul/2024

Key Points:

Policy Framework Initiated: NITI Aayog launches framework to achieve India's net-zero economy goal by 2070.
Multi-Sectoral Committees: Committees established to identify issues and propose policy actions across various dimensions of climate change.
Specialized Working Groups: Groups formed to address critical aspects like climate finance, research, manufacturing, and sector-specific analyses.

NITI Aayog, India’s premier policy think tank, has taken a decisive step towards steering the country’s transition to a net-zero economy by 2070 with the launch of a comprehensive policy framework. This initiative marks a significant milestone, coming three years after India's commitment to achieve net-zero emissions.

Under the guidance of NITI Aayog, dedicated multi-sectoral committees have been established to develop a holistic transition plan. These committees are tasked with identifying key challenges, charting pathways, and recommending policy actions across diverse aspects of climate change. The objective is to integrate sustainability into India’s economic and developmental frameworks.

Simultaneously, NITI Aayog has formed six specialized working groups focused on critical areas such as macroeconomic implications, climate finance, research and development of critical minerals, domestic manufacturing, supply chains, social considerations in energy transition, and sector-specific analyses covering transport, industry, buildings, agriculture, and power. These groups comprise a wide range of stakeholders, including experts, policymakers, and industry representatives, collaborating to devise tailored policy formats, models, and transition pathways specific to each sector.

The collaborative efforts of these committees and working groups are expected to culminate in a consolidated report by NITI Aayog. This report will serve as a vital policy guide for central ministries, providing actionable insights and strategies to formulate climate-resilient and adaptive strategies aligned with India’s ambitious net-zero aspiration.

The framework's implementation aims to foster innovation, investment, and inclusive growth while mitigating climate risks and promoting environmental sustainability. It underscores India's commitment to global efforts against climate change and reinforces its leadership in sustainable development.

In conclusion, NITI Aayog’s initiative to set a policy framework for India’s net-zero economy by 2070 signifies a robust approach towards climate action and sustainable development. This article provides insights into the framework’s objectives, committee formations, and anticipated impacts on India’s climate policy landscape.

Also Read : Indian Stock Market Soars on Positive Global Cues and Gains in Financial and IT Sectors

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX & Upstox.

Services

NITI Aayog Sets Framework for India's Net-Zero Economy by 2070

Related News