Modeling and Policy Pathways to Decarbonize South Asia’s Industrial Sector
The industrial sector is responsible for one-third of global greenhouse gas emissions, and industrial decarbonization will be an essential component of limiting emissions and mitigating climate change (Rissman et al., 2020). This holds true for South Asian countries as they work toward their stated commitments to reducing emissions in the coming years. India has pledged to reduce the emissions intensity of its gross domestic product (GDP) by 33–35% by 2030 (Government of India, 2016) and announced at COP26 a target of reaching net-zero CO 2 emissions by 2070, a goal that will require rapid decarbonization of energy-intensive industries (WEF, 2021). Bangladesh’s Nationally Determined Contributions include a commitment to reducing greenhouse gas emissions by 6.73% to 15.12% by 2030 (Ministry of Environment, Forest and Climate Change, 2021). While these Nationally Determined Contributions do not explicitly target emissions reductions in industry, Bangladesh’s Energy Efficiency and Conservation (EE&C) Master Plan highlights industry as an important sector for EE&C (Sustainable and Renewable Energy Development Authority, 2015). Sri Lanka has pledged carbon neutrality by 2050, including a reduction in industrial greenhouse gas emissions (Ministry of Environment, 2021). Nepal’s commitment to net-zero greenhouse gas emissions by 2050 includes plans to establish guidelines and technology transitions facilitating industrial decarbonization (Government of Nepal, 2020).