New Delhi:
India on Friday made a “comprehensive and ambitious” pledge to reduce its greenhouse emission intensity by up to 35 per cent by 2030 from 2005 levels, a 75 per cent jump over its present voluntary commitment.
India’s Environment Minister Prakash Javadekar said that as per preliminary estimates at least USD 2.5 trillion (at 2014-15 prices) will be required for meeting India’s climate change actions between now and 2030.
India also said that it would achieve 40 per cent installed capacity for electric power from non-fossil fuel resources by 2030, which would be a jump of 33 per cent from the present capacity.
The minister said that any substantial scale-up of climate action plans would require greater resources.
Spelling out India’s Intended Nationally Determined Contributions (INDC), the minister said that India’s INDCs are comprehensive, ambitious and progressive and reflect all issues of mitigation, adaptation, finance, technology transfer and capacity building.
India’s current voluntary pledge is for reducing emission intensity of its GDP by 20-25 per cent over 2005 levels by 2020.
In addition, India has also pledged to create an additional carbon sink of 2.5 to 3 billion tonnes of CO2 equivalent through additional forest and tree cover by 2030.
In a document submitted to UNFCCC late on Thursday night, India said it would need, as per preliminary estimates, around USD 206 billion between 2015 and 2030 for implementing adaptation actions in agriculture, forestry, fisheries infrastructure, water resources and ecosystems.
