December 9, 2024
What is Decoupling ?
Decoupling refers to breaking the traditional link between two related factors, particularly economic growth and environmental degradation. In this context, it means achieving economic growth without a proportional increase in negative environmental impacts, such as greenhouse gas (GHG) emissions.
Types of Decoupling:
- Relative Decoupling:
- Economic growth occurs at a faster rate than the increase in environmental degradation.
- Example: GDP grows by 7%, but GHG emissions grow by only 4%.
- Absolute Decoupling:
- Economic growth occurs while environmental degradation (e.g., GHG emissions) either remains constant or declines.
- Example: GDP grows by 7%, while emissions decrease or stay the same.
Why Decoupling is Important?
- Sustainable Development: It enables countries to grow economically while reducing harm to the environment.
- Combat Climate Change: Helps reduce emissions and other environmental pressures even as economies expand.
- Resource Efficiency: Encourages the use of clean technologies and renewable resources to minimize environmental impact.
Examples of Decoupling:
- India claims decoupling in its Economic Survey 2023-24, showing that from 2005-2019, GDP grew at a 7% rate, while emissions grew at a slower 4%.
- Countries transitioning to renewable energy sources (e.g., solar, wind) to support economic activities.
Challenges in Achieving Decoupling:
- High reliance on fossil fuels in many economies.
- Lack of affordable green technologies in developing nations.
- Increased consumption of natural resources driven by urbanization and industrialization.
Decoupling is a key concept in balancing economic development with environmental sustainability, promoting a greener and more resilient future.