Reforms Can Lift People From Poverty

A new study by the United Nations Development Programme (UNDP) has revealed that aligning renewable energy goals with broader development policies could lift 193 million people out of extreme poverty by 2060, while unlocking USD 20.4 trillion in cumulative savings for the global economy. The study, conducted by the United Nations Development Programme (UNDP), University of Denver's Pardee Institute and Octopus Energy, was set up to explore how time-bound renewable energy targets, backed by coherent policies and financing mechanisms, could unlock triple wins: cutting emissions, boosting economies and delivering real social benefits. The report simulated three scenarios to assess outcomes for emissions, economic growth, and social progress. In a business-as-usual scenario, the global energy system remains dependent on fossil fuels, accounting for over 50 per cent of primary energy by 2060. This trajectory would push global warming to 2.6C, exacerbating poverty, malnutrition and lack

Prepared jointly by Niti Aayog and IDFC Institute, report was released by Union Minister for Law