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EXPERT NOTE
Macroeconomic Impacts of Long-Term Decarbonization in India: Implications for a Just Transition
India faces the dual challenge of advancing strong climate action while achieving its development goals. Moreover, the low-carbon transition will require a profound transformation of the Indian economy resulting in differing impacts on workers, regions, and communities.
Based on results from the India Energy Policy Simulator, this expert note by Deepthi Swamy and Varun Agarwal presents potential macroeconomic impacts — on economic growth, employment, and tax revenues — in a long-term decarbonization scenario, aligned to India’s 2070 net-zero emissions target, and analyzes the implications of these impacts for a just transition in India.