Accelerating green growth in India

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Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   AN ARTICLE A DAY, PICKED BY OUR EDITORS   Edited by Stephanie d'Arc Taylor   Editor, Southern California Let's get the bad news out of the way: India is the world's third-largest carbon emitter (though far behind the United States and China). The good news is that there's plenty of room—and ambition—for green growth. In fact, India has the potential to contribute nearly half the carbon space needed globally to achieve a 1.5°C pathway. But change needs to come soon. The subcontinent is looking toward a period of rapid development: over three-quarters of the India of 2050 is yet to be built. Policies must be implemented in the next decade to ensure this infrastructure is developed more sustainably. The planet isn't the only potential beneficiary of these policies: India's transition from thermal power to renewables, to cite just one example, stands to significantly decrease the average cost of power supply, save the country a cumulative $1.7 trillion in the foreign exchange, and position India as a world leader in green technologies. For more actions to accelerate India's decarbonization, check out a new report by Rajat Gupta, Shirish Sankhe, and their coauthors. Decarbonising India: Charting a pathway for sustainable growth This will be a decisive decade. With intentional action, India can accelerate decarbonisation at scale while pursuing economic growth. Download the full report Quote of the day "We see a lot going on in Florida, Colorado, and Texas—places that you wouldn't necessarily think of as early adopters of environmentally friendly cars. But it is all happening." —Cathy Zoi, CEO of EVgo on EVgo's role in the future of mobility in "Conversations in Mobility: Meeting consumer demand with EV charging infrastructure" Chart of the day See today's chart   ALSO NEW You're invited Register now for a live virtual event series at the COP27 Climate Change Conference Register now  The Helix report: Is biopharma wired for future success? The biopharmaceutical industry has made remarkable achievements in the past decade, but is it equipped to leap still further ahead in the coming one? Company leaders' answers to nine questions could prove decisive. Power forward   The Titanium Economy: How to overcome the challenge of filling high-quality jobs Thriving industrial technology companies use apprenticeships, upskilling, and upward mobility to staff and retain their workforces. Lead the way   Follow our thinking Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to our Sustainability alert list. Manage subscriptions | Unsubscribe Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007