Cost of reducing CO2 emissions from India: Imperatives for international transfer of resources and technologies

This paper evaluates the cost, capital and foreign exchange requirements associated with restraining the growth of CO2 emissions in India through a range of technological alternatives. The different options include higher-cost efficiency improvements, fuel switching from coal to oil to gas and increasing the use of renewables. The paper also examines the types of actions required at both the national and international levels to effectively curtail India's CO2 growth. The development of a coupon system, which would allow carbon-restraining technologies to be transferred from the industrialized to the developing world, is one of the novel mechanisms suggested in this analysis.