Allianz Green Transition Tracker 2026: India Ranks 45th
Why in News?
- India rose five places to 45th among 65 economies in the Allianz Green Transition Tracker 2026, released on 5 November 2026 ahead of COP31, Down To Earth reported on 6 November.
- India's progress score rose 4.5 points to 14.6. Its greenhouse gas emissions fell 0.2 per cent in 2025 to 4,508 million tonnes of carbon dioxide equivalent despite about 7.6 per cent economic growth.
- The report calls this India's first decline outside an economic contraction in 25 years, and warns that coal generation rebounded in 2026.
Key Terminologies
- Allianz Green Transition Tracker
- An annual assessment by Allianz Research of 65 economies that cover 81 per cent of global greenhouse gas emissions. It tracks progress since 2015 toward 2050 net-zero benchmarks.
- Low-Carbon Electricity
- Electricity from sources such as solar, wind, hydro and nuclear. India's share rose from 22.4 per cent to 26.6 per cent in 2025, the largest annual rise since at least 1985.
- Territorial and Consumption-Based Emissions
- Territorial emissions count what a country emits within its borders. Consumption-based emissions count what is emitted to produce what its people consume, including imports.
- Fossil Fuel Subsidies
- Government support that lowers the price of coal, oil or gas. The report says India's rose to US$ 67.5 billion, more than double the 2015 level.
- COP31
- The 2026 UN climate conference, scheduled for Antalya, Türkiye, from 9 to 20 November 2026.
Key Issues
- Rank and Score: India is 45th, up five places, behind China (43rd), Canada (42nd) and the United States (41st). Luxembourg, Denmark and Estonia lead. India's progress score rose 4.5 points to 14.6, against a global average gain of two points.
- Falling Emissions: India's emissions fell 0.2 per cent in 2025 to 4,508 MtCO2e despite about 7.6 per cent economic growth, the first decline outside a contraction in 25 years.
- Cleaner Power: Low-carbon electricity's share rose from 22.4 per cent to 26.6 per cent, and coal-fired generation fell 2.9 per cent, its first annual drop since the pandemic.
- Rebound in 2026: Coal generation rose about 10 per cent year on year from April to August 2026.
- Per Capita and Subsidies: Territorial CO2 per capita rose 3 per cent to 2.2 tonnes and consumption-based emissions rose 8 per cent to 1.8 tonnes, while fossil fuel subsidies rose to US$ 67.5 billion.
Key Implications
Positive/Pros/Merits
- Decoupling: Emissions fell while the economy grew about 7.6 per cent, showing that growth need not always raise emissions.
- Clean Power Shift: The largest annual rise in low-carbon electricity share in the data shows rapid renewable deployment.
- Better Ranking: A five-place rise supports India's climate credentials ahead of COP31.
- Global Context: Renewables overtook coal in global electricity generation in 2025, at 33.5 per cent against 33.2 per cent.
Negative/Cons/Demerits
- Fragile Gain: Coal generation rebounded about 10 per cent from April to August 2026, which may reverse the 2025 progress.
- Rising Demand: Sustaining the decline as electricity demand grows is the main challenge, according to the Allianz researcher quoted.
- Future Emissions: Under current policies, emissions could reach about 5,900 MtCO2e by 2030 and 6,600 MtCO2e by 2035.
- Subsidy Burden: Fossil fuel subsidies of US$ 67.5 billion are more than double the 2015 level.
Key Initiatives
- Allianz Research: It published the Green Transition Tracker 2026 covering 65 economies, released 5 November 2026.
- Government of India, Clean Power: Low-carbon electricity rose from 22.4 per cent to 26.6 per cent of generation in 2025, which the report credits for India's improvement.
- COP31 Presidency: Türkiye hosts the conference in Antalya from 9 to 20 November 2026.
- International Community: The world remains on track for net zero around 2064, 14 years after the 2050 benchmark, the report says.
The Tracker is a private research index and not an official government ranking. The previous rank of 50th is inferred from the five-place rise, and figures are as reported by Down To Earth.
Director's Perspective
Way Forward
- Know that this is a private index, so cite the publisher, Allianz Research, in answers.
- Remember the key numbers: 45th of 65, score 14.6, emissions down 0.2 per cent.
- Distinguish territorial and consumption-based emissions.
- Link the result to India's renewable targets and the net-zero 2070 goal.
- In answers, balance the 2025 gain with the 2026 coal rebound.
The Allianz Green Transition Tracker shows India improving, with emissions falling slightly while the economy grew and low-carbon electricity rising to 26.6 per cent. But the 2026 rebound in coal generation, rising per capita emissions and higher fossil fuel subsidies show that the gains are fragile. In a Mains answer, present the ranking as evidence of progress in decoupling, note that it is a private index, and conclude that sustained renewable expansion, grid storage and subsidy reform are needed to keep emissions on a lower path.
GS Relevance
Frequently Asked Questions
What is the Allianz Green Transition Tracker 2026?
The Allianz Green Transition Tracker is an annual assessment by Allianz Research of 65 economies covering 81 per cent of global greenhouse gas emissions, tracking progress since 2015 toward 2050 net-zero benchmarks. The 2026 edition was released on 5 November 2026, ahead of COP31.
What is India's rank in the Allianz Green Transition Tracker 2026?
India ranked 45th among 65 economies, up five places, with a progress score of 14.6, up 4.5 points, Down To Earth reported. Luxembourg, Denmark and Estonia lead, while China is 43rd and the United States 41st.
Did India's emissions fall in 2025?
Yes. India's greenhouse gas emissions fell 0.2 per cent in 2025 to 4,508 million tonnes of carbon dioxide equivalent despite about 7.6 per cent economic growth, the report says, though coal generation rebounded about 10 per cent between April and August 2026.
PYQ Practice — Statement Analysis
1 The Allianz Green Transition Tracker is an official ranking issued by the Government of India.
It is a private research index by Allianz Research covering 65 economies.
2 India's share of low-carbon electricity rose from 22.4 per cent to 26.6 per cent in 2025.
This was the main driver of India's improved ranking.
3 Consumption-based emissions count only what a country emits within its borders.
That describes territorial emissions. Consumption-based emissions include those embedded in imports.