From COP26 to the G20: How the LiFE Project is Driving India’s Net-Zero Emissions Efforts

by Team Conscious Carma

Anup Garg, Founder, and Director, World of Circular Economy (WOCE), a Delhi-based climate solutions start-up

India is a rapidly growing economy and one of the largest emitters of greenhouse gases (GHGs) in the world. With its rapidly increasing population, urbanization, and industrialization, India’s carbon footprint is only expected to grow, making it all the more imperative to take action toward reducing emissions and achieving its Net Zero Mission 2070.

The Indian government, under the leadership of Prime Minister Narendra Modi, launched the LiFE project at the COP26 conference in Glasgow in 2021. The project aims to promote sustainable lifestyles and tackle climate change, with a focus on carbon capture, carbon calculating, and offsetting. According to the International Energy Agency (IEA), the LiFE project could cut global emissions by 2 billion tonnes by 2030, which is approximately one-fifth of the emissions cuts needed to achieve net zero by 2030. This highlights the critical role that India can play in reducing emissions and mitigating the effects of climate change.

With India’s upcoming G20 Presidency this year, there is an opportunity to globalize the LiFE initiative and make a significant impact in the fight against climate change.

Carbon capturing, calculating, and offsetting are crucial elements of reducing India’s carbon footprint. The demand for companies providing these solutions is increasing, and there is a need for innovative approaches to address the country’s emissions.

This will discuss the challenges and solutions to reducing GHG emissions in India and the crucial role that carbon capturing, calculating, and offsetting play in this process.

Challenges in Reducing GHG Emissions

Scope 1, 2, and 3 emissions are the three main sources of GHG emissions. The primary challenge in reducing emissions from these sources lies in accurately capturing, calculating, and offsetting carbon emissions. The lack of a comprehensive, unified, and user-friendly system to measure, monitor and report emissions makes it difficult for organizations to report scope 3 emissions. The absence of incentives or recognition for reducing emissions also discourages people from taking action.

Solutions

Capturing Carbon Emissions: To accurately capture carbon emissions, India needs a one-stop solution for individuals and organizations that provides customized technologies and solutions. Entrepreneurs must collaborate to bring such an ecosystem into existence and refine it continually. This would involve investing in new technologies and tools to capture and measure carbon emissions from various sources, including industrial processes, transportation, and energy production.

Calculating Carbon Emissions: To overcome the challenges of calculating carbon emissions, organizations must simplify their reporting methods and adopt technologies that automate the calculation process. There is a growing demand for companies offering solutions that make it easy to report scope 3 emissions, which are the emissions from sources not directly controlled by the organization. The use of artificial intelligence and machine learning algorithms can make the calculation process much more efficient and accurate.

Offsetting Carbon Emissions: Carbon offsetting is the process of reducing or removing GHG emissions from one source to balance out emissions from another source. The Indian government can support the LiFE initiative by providing clear, consistent policy support and communication, such as low-emission zones in urban areas and encouraging consumer investments in clean energy technologies. Offsetting carbon emissions can be done by investing in renewable energy sources, planting trees, and implementing carbon capture and storage technologies.

Promoting Green Culture: To foster a green culture, it is important to incentivize individuals and organizations to reduce their carbon footprint. Rewarding people with reward points or gift vouchers for reducing their emissions can be an effective solution. This can also involve education and awareness campaigns to educate people about the importance of reducing emissions and the role they can play in this effort.

Projections

India’s emissions are projected to grow by 5.8% per year from 2020 to 2030, according to a report by the International Energy Agency (IEA). The country is expected to become the world’s second-largest emitter of CO2 after China by 2030, contributing to over 7% of global emissions. However, if the government implements the measures outlined in the LiFE project, it has the potential to significantly reduce these projections and take a leading role in the fight against climate change.

Conclusion

Reducing GHG emissions in India is a complex challenge that requires a multi-pronged approach. Accurately capturing, calculating, and offsetting carbon emissions, fostering a green culture, and providing clear policy support are all critical components. The LiFE project offers a comprehensive solution to reducing emissions in India and can be a catalyst for global change. With the right policies and incentives, India has the potential to take a leading role in the fight against climate change and achieve its Net Zero Mission 2070.

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