'Big Four': Downplaying their climate and clean energy progress?

Big Four clean energy progress | Climate Kahani | According to a recent report, all four major emitters of the world, including India, are trying hard to reduce emissions at the ground level. The title of the report is 'The Big Four: Are Major Emitters Downplaying Their Climate and Clean Energy Progress'?

This report is produced by the Energy and Climate Intelligence Unit (ECIU), a global organization.

The evidence presented in this report makes it likely that at least three of these big four emitters – China, the European Union, and India – will not only see rapid progress towards a clean energy economy but will also meet their national climate goals. They will also notice a sharp drop in relative emissions. The progress they make will surely have a global impact, which will not only reduce greenhouse gas emissions, but their rapid progress will also see clean energy prices drop sharply for all other countries.

"The speed at which the energy transition is rapidly taking place, especially in these powerhouses of the global economy, clearly shows how The right policy and market structures are driving changes at a pace that was unimaginable a few years ago.

Russia's invasion of Ukraine and the global energy crisis have accelerated this change. There may be an increase in the use of fossil fuels at the moment, but what is certain is that something like this is nothing more than just a short-term solution."

Gareth Redmond-King, International Lead at ECIU

How are India, China, and the US Reducing their emissions?

China

Installing 165 GW of renewable energy this year, a 25% increase from last year; Electric vehicle sales are projected to be 6 million in 2022, double that of 2021;

United States

The second only to China in deployment of solar and wind power, forecast to generate 85% of electricity from renewables by 2030; Some sales forecasts suggest that half of all new cars bought here in 2030 could be electric;

India

The rapid rollout of renewable energy, especially solar, this decade will transform India's electricity sector, with coal generation becoming increasingly unprofitable; All the trends are telling that India is moving towards its net zero emission target of 2070.

Support us to keep independent environmental journalism alive in India.

Keep Reading

What is Green Hydrogen? Could it change energy in South Asia?

Blue hydrogen is worst for climate: study

How Increasing space traffic threatens ozone layer?

Hydro Fuel Market: India’s current scenario and the future ahead

Natural Gas is a Misleading term, It is not Natural and clean at all

Follow Ground Report on X, Instagram and Facebook for environmental and underreported stories from the margins. Give us feedback on our email id [email protected]. 

Don't forget to Subscribe to our weekly newsletter, Join our community on WhatsApp, and Follow our YouTube Channel for video stories.