The Government of India announced a net-zero target to be achieved by 2070 and various ambitious short-term climate goals to be achieved by 2030 during the recent Conference of Parties-26 (COP-26) in Glasgow. However, the impact of energy transition on socio-economic aspects needs to be comprehensively understood. The policy intervention for achieving a low-carbon pathway by 2070 needs careful thought as to what could be the possible growth path of the Indian economy and how well the economic demographics will evolve in the distant future. In this context, there is a need to build a top-down socio-economic macro model, which could be linked with the bottom-up energy model. The results pertaining to policy intervention in any bottom-up energy model depend crucially on the: (a) likely economic pathway, (b) likely sectoral growth path, and (c) manner in which the pathway plays down across income classes in household groups.
Under this project, we will construct a top-down socio-economic macro model to address the above three questions, which will then feed into the bottom-up mode being developed by TERI.
The project aims to generate policy-relevant knowledge and strengthen the discourse to inform India’s low-carbon pathways, including its net-zero targets, and viable energy transition while meeting its development goals.
Sanjib Pohit is a Professor at NCAER. He is an experienced modeler in the area of trade and environment with 20 years of modelling experience. His domain of research experience includes science and technology policies, institutional economics, transport economics, input-output models, FDI, informal trade, automobile industry, and South Asian integration. Previously, he held position at... Read More
Devender Pratap is a Senior Fellow at NCAER. His current research interests include trade policy analysis/CGE modelling, GTAP database, social accounting matrix, input output analysis, construction of base-run for CGE modelling, macro-econometric modelling and agricultural/livestock economy. At NCAER, he has handled three major CGE models in single-country and multi-country frameworks. He has also been involved... Read More
Somya Mathur is an Associate Fellow at NCAER. She is working on CGE Models. Previously, she was working with Infinite Sum Modelling Inc., USA; Pune International Center on Climate Change impacts and has also worked with Ministry of Panchayati Raj. Her domain areas are trade and climate change. She has attained her Masters from Gokhale Institute... Read More