At present, global warming is the most important environmental issue. In industrial development, the excessive use of high-carbon energy has hastened environmental degradation creating a significant greenhouse effect.

A low-carbon economy refers to an economy that causes low levels of greenhouse gas emissions and absorbs as much gases as it releases. Shifting to a low carbon economy not only helps reduce pollution but also has many economical benefits.

As an economy turns into a low-carbon economy, the risks of climate change are reduced as there is less emission of greenhouse gases. There is a shift from non- renewable to renewable sources of energy production, thus increasing our energy security. The environmental degradation also slows down  improving living conditions and overall air quality. The overall waste production also reduces significantly.

Also the shift helps in boosting economic growth due to investments and creation of quality jobs in new sectors like electric vehicles, green hydrogen, renewable energy, etc. The step towards sustainable development improves public health, reduces carbon footprint of organisations and also helps achieve Sustainable Development Goals set by nations.

Thus a low-carbon economy not only has environmental but also economic benefits for the country.