HYDERABAD: “A new industrial revolution can only happen with development of new and clean energy sources,” said Prof Lord Nicholas Stern, chair for Centre for Climate Change Economics and Policy and Asia Research Centre, London School of Economics.Speaking at the University of Hyderabad on India, China and the Global Economy in a Turbulent Decade, the LSE economist projected an optimistic outlook for a world grappling with economic policies to cut down its carbon emissions.Comparing the promising economies like India and China, Stern highlighted the inclusive and environment centric growth policy of China and India's insistence on maintaining a high GDP rate of nine per cent despite the global economic slowdown.“The projections for India's GDP growth are likely to be around six to seven pc as compared to the ambitious nine pc," he said.Comparing the real-time goals required to balance carbon emission for the world as opposed to that achieved by following the present projections, he said the emissions over the next 20 years should be zero or negative in order to attain a 2 degree centigrade cap on rise in global temperatures."By 2030, China will contribute to nearly half the world's carbon emissions, while India will contribute six billion tonnes, provided goals set in both countries are followed," said the professor.
Comments
0 comment