CO2 emissions cost India $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 India is likely to suffer highest economic damage from climate change after the US.

Previous research has focused on how rich countries benefit from the fossil fuel economy, while damages accrue primarily to the developing world. However, researchers from 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 country-level SCC for the India alone is estimated to be about $86 per tonne of CO2. At current emission levels, the Indian economy loses $210 billion annually, said Ricke, corresponding author of the study published in the journal Nature Climate Change

The country-level SCC for the India alone is estimated to be about $86 per tonne of CO2. At current emission levels, the Indian economy loses $210 billion annually, said Ricke, corresponding author of the study published in the journal Nature Climate Change.