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In the 2015 Paris Agreement, countries agreed to hold "the increase in the global average temperature to well below 2 degrees Celsius and to pursue efforts to limit the temperature increase to 1.5-degree celsius".
New Delhi, July 7 (PTI): India will have to bear a steep fall in revenues from fossil fuels in its efforts to limit global warming to 1.5 degrees Celsius, but advance planning can avoid shortfalls in total revenues, according to a new report by the International Institute for Sustainable Development (IISD). India earned a revenue of USD 92.9 billion from fossil fuel production and consumption in 2019 which accounted for 18 per cent of its total government revenue. It could fall to around 65 per cent of 2019 levels by 2050 on an energy pathway consistent with limiting global warming to 1.5 degr...