Page 95 - Low Carbon Development in China and India
P. 95
India Energy International International Policy
environment consultation
management environment and sustainable and
development personnel
(fossil fuel switch, and sustainable training
coal-fired power development
generation, rural
biomass energy
utilization, short-
lived climate
pollutants),
low carbon city
development,
energy efficiency
improvement
in traditional
industries
(including
building materials,
metallurgy, and
chemistry)
1.5 Policy Recommendations
1.5.1 Increasing RD&D Investment in Clean and Low
Carbon Energy Technologies
According to the Energy Technology Perspectives (ETP) 2012, over the
next decade, an estimated USD 24 trillion needs to be invested in the
power, transport, buildings, and industry sectors in order to achieve
the 2 degree objective, which means that countries need to pursue a low
carbon development path. This also applies to China and India, the two
largest developing countries that are facing enormous socio-economic
challenges while rapidly moving towards middle income countries.
The ETP 2012 also estimates that the transition to a low carbon energy
sector requires additional investment of USD 130 per person per year,
on an average, between now and 2050. Investments in the transport
sector represent the largest share, accounting for nearly 34 per cent of
the total investments, which will globally exceed USD 8 trillion over
the next decade. Over this same decade, a projected 1.7 billion new
vehicles will be purchased globally. The buildings sector investments
up to 2020 will reach over USD 6 trillion; just over half of this is needed
in OECD regions for significant investments in retrofitting existing
building envelopes and improving the energy efficiency of heating,
ventilation and air conditioning (HVAC) systems, appliances, and
other equipment.
60 Low Carbon Development in China and India
environment consultation
management environment and sustainable and
development personnel
(fossil fuel switch, and sustainable training
coal-fired power development
generation, rural
biomass energy
utilization, short-
lived climate
pollutants),
low carbon city
development,
energy efficiency
improvement
in traditional
industries
(including
building materials,
metallurgy, and
chemistry)
1.5 Policy Recommendations
1.5.1 Increasing RD&D Investment in Clean and Low
Carbon Energy Technologies
According to the Energy Technology Perspectives (ETP) 2012, over the
next decade, an estimated USD 24 trillion needs to be invested in the
power, transport, buildings, and industry sectors in order to achieve
the 2 degree objective, which means that countries need to pursue a low
carbon development path. This also applies to China and India, the two
largest developing countries that are facing enormous socio-economic
challenges while rapidly moving towards middle income countries.
The ETP 2012 also estimates that the transition to a low carbon energy
sector requires additional investment of USD 130 per person per year,
on an average, between now and 2050. Investments in the transport
sector represent the largest share, accounting for nearly 34 per cent of
the total investments, which will globally exceed USD 8 trillion over
the next decade. Over this same decade, a projected 1.7 billion new
vehicles will be purchased globally. The buildings sector investments
up to 2020 will reach over USD 6 trillion; just over half of this is needed
in OECD regions for significant investments in retrofitting existing
building envelopes and improving the energy efficiency of heating,
ventilation and air conditioning (HVAC) systems, appliances, and
other equipment.
60 Low Carbon Development in China and India
