Carbon dioxide emissions costing India up to $210 billion every year

Carbon dioxide emissions are costing the Indian economy up to $210 billion every year, according to a global study which found that the country is likely to suffer highest economic damage from climate change after the US. Researchers from the University of California San Diego in the US found that the top three counties with the most to lose from climate change are US, India and Saudi Arabia.

The economic damages model indicates that as temperature rises, economic growth in India will slow. Researchers estimated country-level contributions to the social cost of carbon (SCC) using recent climate model projections, empirical climate-driven economic damage estimations and socioeconomic forecasts.The country-level SCC for India alone is estimated to be about $86 per tonne of carbon dioxide.