Many large Indian businesses have committed to ambitious climate initiatives. However, there exists little understanding of the aggregate impact of these initiatives and how they relate to emissions at the national level.
As the number of voluntary climate initiatives by non-state and subnational actors increases globally, a better understanding of their potential impacts can help build government confidence in implementing climate policies, create opportunities for more integrated and inclusive policy planning, and signal a push for greater ambition.
This working paper applies the Non-state and Subnational Action Guide (NSA Guide) of the Initiative for Climate Action Transparency (ICAT) to estimate the aggregate impact of the voluntary climate initiatives of 50 Indian companies and understand how it relates to national greenhouse gas (GHG) emissions projections through 2030.
We estimate that relative to a Reference Scenario— in which no initiatives beyond existing national policy mandates are adopted—the 50 Indian companies included in this analysis can reduce their GHG emissions by 13.04 percent in 2030, based on their existing voluntary commitments.
Furthermore, the existing voluntary commitments of these 50 companies, with emissions equivalent to approximately 35 percent of India’s industrial sector emissions, can reduce India’s overall emissions by 1.74 to 1.95 percent in 2030 over and above national emissions trajectories that consider existing policies.