@article{Paltsev:333419,
      recid = {333419},
      author = {Paltsev, Sergey and Gurgel, Angelo and Morris, Jennifer  and Chen, Henry and Dey, Subhrajit and Marwah, Sumita},
      title = {Economic Analysis of the Hard-to-Abate Sectors in India},
      address = {2022},
      pages = {48},
      year = {2022},
      note = {Presented at the 25th Annual Conference on Global Economic  Analysis (Virtual Conference)},
      abstract = {We assess the contribution of India’s hard-to-abate  sectors to the country’s current emissions and their likely  future trajectory of development under different policy  regimes. We employ an enhanced version of the MIT Economic  Projection and Policy Analysis (EPPA) model to explicitly  represent the following hard-to-abate sectors: iron and  steel, non-ferrous metals (copper, aluminum, zinc, etc.),  non-metallic minerals (cement, plaster, lime, etc.), and  chemicals. We find that, without additional policies, the  Paris Agreement pledges made by India for the year 2030  still can lead to an increasing use of fossil fuels and  corresponding greenhouse gas (GHG) emissions, with  projected CO2 emissions from hard-to-abate sectors growing  by about 2.6 times from 2020 to 2050. Scenarios with  electrification, natural gas support, or increased resource  efficiency lead to a decrease in emissions from these  sectors by 15-20% in 2050, but without carbon pricing (or  disruptive technology changes) emissions are not reduced  relative to their current levels due to growth in output.  Carbon pricing that makes carbon capture and storage (CCS)  economically competitive is critical for achieving  substantial emission reductions in hard-to-abate sectors,  enabling emission reductions of 80% by 2050 relative the  scenario without additional policies.},
      url = {http://ageconsearch.umn.edu/record/333419},
}