Indian Council for Research on International Economic Relations

Conferences & Workshops Details

New Climate Economy: The Global Commission on the Economy and Climate

Venue: Jacaranda Hall, India Habitat Centre, New Delhi


Day 1: April 14, 2014 (Monday)

09:45 – 10:00 am Registration
10:00 – 11:00 am Inaugural Session

The Global Commission on the Economy and Climate is a major new international initiative to analyse and communicate the economic benefits and costs of acting on climate change. The New Climate Economy, the flagship project of the Global Commission on the Economy and Climate, aims to produce better and more comprehensive evidence on whether and how climate policy can be made compatible with strong economic performance. Engaging directly with decision makers in both public and private sectors in a variety of countries, it will seek to synthesize existing knowledge with original research and analysis. The project was launched in September 2013 and will report in September 2014. It aims to make recommendations to the world’s governments, business and finance leaders, and to the wider global public, on the actions and policies which can simultaneously deliver better economic growth and address climate risks.

Welcome Remarks by Dr. Rajat Kathuria, Director and Chief Executive, ICRIER, New Delhi

Keynote Address by Lord Nicholas Stern, President of the British Academy, Chair of the Asia Academy in the London School of Economics (LSE), Chair of the Grantham Research Institute on Climate and the Environment, LSE, Head of the India Observatory, LSE

11:00 – 11:30 am Tea/Coffee
11:30 – 1:00 pm Session 1: Macro Models for Climate Change

Transition to a low carbon economy is seen as a challenge for India, as it seeks to balance its developmental needs with concerns for climate change. In this context, it is of primary concern for policy makers to understand the options available to move to a low carbon growth path, and what these imply in terms of macroeconomic welfare indicators for the economy. Available macro models seek to map the alternative options for a low carbon trajectory and their corresponding costs for the economy. This study proposes to conduct an analytical synthesis of the major trends and findings for India from climate macro models, based on the currently available literature. The strengths and weaknesses of the models in terms of the data and assumptions underlying model projections; the overlaps in the multiple objectives for sustainable development that the models address; the risks and trade-offs among model scenarios based on varying levels of carbon emissions, will be considered while understanding the projections on macro parameters such as GDP growth and, the implied costs of lowering carbon emissions or in meeting targets for carbon intensity.

Chair: Prof. B. N. Goldar, Professor, The Institute of Economic Growth, New Delhi

Presentation by

  • Dr. Purnamita Dasgupta, Ford Foundation Chair in Environmental and Resource Economics & Acting Head, Environment Economics Unit, The Institute of Economic Growth, New Delhi (30 minutes)
    [Download Presentation]

Comments by:

  • Lord Nicholas Stern, President of the British Academy, Chair of the Asia Academy in the London School of Economics (LSE), Chair of the Grantham Research Institute on Climate and the Environment, LSE, Head of the India Observatory, LSE (15 minutes)
  • Dr. Sanjib Pohit, Senior Principal Scientist, CSIR-National Institute of Science Technology and Development Studies, New Delhi (15 minutes)
  • Dr. Vaibhav Chaturvedi, Research Fellow at Council on Energy, Environment and Water,
    New Delhi (15 minutes)

Q & A (10 minutes)

1:00 – 2:00 pm Lunch
2:00 – 3:30 pm Session 2: Critical Evaluation of 12th Plan from Climatic point of view

‘Faster, More Inclusive, Sustainable Growth’: this is the title of the draft Approach Paper for the 12th Five Year Plan, prepared by India’s Planning Commission. The 11th Plan was about “inclusive growth”; now, sustainability has been added. The Approach Paper contains a number of progressive recommendations regarding environment, natural resources and related livelihoods issues, indeed more than previous Plan papers, but it suffers from several of the fundamental shortcomings that its predecessors have. Some of them are having a concrete target of creating a set of indicators to measure whether we are getting towards the sustainability and equity goals we have committed to domestically or internationally, including citizens’ right to participate in decision-making, integrate green budgeting and accounting, water and food security. The plans also need to set out an overall target of renewable energy and a long-term direction that replaces most of all fossil fuels, as also a stress on decentralized sources that can efficiently meet rural energy needs and be managed by local communities. This study will critically evaluate India’s 12th five year plan from a climate perspective. 

ChairDr. Ajay Mathur, Director General, Bureau of Energy Efficiency, New Delhi 

Presentation by:

  • Dr. Jyoti Parikh, Executive Director, Integrated Research and Action for Development (IRADe), New Delhi (30 Minutes)
    [Download Presentation]

Comments by:

  • Mr. Nicholas Bianco, Senior Associate, World Resources Institute (30 minutes)

Q & A (30 minutes)

3:30 – 4:00 pm Tea/Coffee
4:00 – 5:30 pm Session 3: Energy Demand Management: Green Growth Strategies for India 

Effective delivery of energy inputs necessary to drive economic growth while simultaneously reducing carbon intensity of the energy mix is the central challenge to actualizing a low carbon growth trajectory in India. While shifts in energy supply away from carbon intensive fossil fuel generation will be an essential part of long run climate policy, in the short and medium term, demand side management is likely to play a critical role. This study will focus on producing a strategy document on energy demand management with the aim of identifying high potential policy interventions in the three focus areas discussed here. In addition it will attempt to quantify the benefits of demand management in these sectors using a combination of empirical evidence from initiatives tried in the past at the state and national level and outputs from a detailed energy systems model for India.

ChairProf. Ramprasad Sengupta, Distinguished Fellow, India Development Foundation (IDF), Gurgaon & Honorary Visiting Professor at the National Institute of Public Finance and Policy (NIPFP), New Delhi (Formerly Professor of Economics holding the Sukhamoy Chakravarty Chair Professor of Planning and Development at the JNU, New Delhi

Presentation by:

  • Dr. Anant Sudarshan, Giorgio Ruffolo Post-doctoral Fellow in the Sustainability Science Program at Harvard’s Kennedy School of Government (30 minutes)
    [Download Presentation]

Comments by:

  • Dr. Siddarthan Balasubramania, Country Head-India at the Global Green Growth Institute (GGGI) (15 minutes)
  • Prof. Thomas C. Heller, Executive Director, Climate Policy Initiative (15 minutes)

Q & A (25 minutes)

Day 2: April 15, 2014 (Tuesday)

9:30 – 11:00 am Session 4: Low Carbon Strategies for India in Agriculture and Forestry 

In the climate change debate, while rejecting legally binding commitments India has declared its readiness to cut carbon emissions per unit of GDP by 20-25 per cent from the 2005 levels by 2020. The National Action Plan on Climate Change (NAPCC) stresses the overriding importance in India’s development agenda of rapid economic growth as Ďan essential precondition to poverty eradication and improved standards of living’. In the light of this, the approach adopted is that instead of designing strategies exclusively to respond to climate change, strategies would be identified and prioritised that promote development goals while also serving specific climate change objectives. Policy makers are looking for measures that promote development while at the same time yielding co-benefits related to the climate change objectives of adaptation and mitigation. This study proposes to review, consolidate and evaluate all the action programmes and ideas pertaining to mitigation in the context of climate change in agriculture and forestry in India and present a brief report of about 8,000 words.

ChairProf. Ashok Gulati, Chair Professor Agriculture, ICRIER, New Delhi

Presentation by:

  • Prof. Anwarul Hoda, Chair Professor of Trade Policy and WTO Research Programme, ICRIER, New Delhi (30 Minutes)
    [Download Presentation]

Comments by:

  • Dr. Bharat R. Sharma, Principal Researcher (Water Resources) & Coordinator IWMI India Program, New Delhi (15 minutes)
  • Dr. Chris Delgado, Sr. Fellow, World Resources Institute, Washington (15 minutes)
    [Download Presentation]

Q & A (25 minutes)

11:00 – 11:30 pm Tea/Coffee
11:30 – 01:00 pm Session 5: Strategic Framework for Cities – Linking Economic Performance and Climate Performance 

India is at the cusp of a major urban transition. 75 percent of India’s GDP is expected to come from cities over the upcoming 12th to 15th Plan periods. By 2030, 70 percent of all net new jobs are expected to come from cities. India’s national competitiveness depends on the competitiveness of its cities and the sustainability of its urban process. This study will review the international and Indian literature to summarize the strategic link between the economic performance of cities and their climate performance/outcomes. The assessment would include public, private and institutional action at multiple scales. This study will provide a review of the Indian case summarizing the drivers of spatial dynamics in India’s fastest growing million plus cities: particularly in sectors such as spatial structure, industrial clustering and organization, transportation, water, institutions and governance and urban energy systems. It would identify urban policies and programs at the national, state and local levels directed towards any or all of the above sectoral categories, and document budget allocations, investments made, intended benefits, and where possible assessments of realization of any explicit or implicit benefits via alternative/green growth models or losses averted.

ChairDr. Om Prakash Mathur, IDFC Chair in Urban Economics and Finance at National Institute of Public Finance and Policy (NIPFP), New Delhi

Presentation by

Comments by:

  • Mr. G. K. Bhat, Managing Director, TARU Leading Edge Private Limited (15 minutes)
  • Dr. Nitin Pandit, Managing Director, WRI India, Mumbai (15 minutes)

Q & A (25 minutes)

01:00 – 1:40 pm Overview of the NCE’s Work and vote of thanks by Mr. Ian de Cruz, Research Director, Global Commission on the Economy and Climate, The New Climate Economy and Dr. Rajat Kathuria, Director and Chief Executive, ICRIER, New Delhi 
[Download Presentation]


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