After months of pushing back, India is set to update its 2030 climate targets under the Paris Agreement. India is considering cutting down almost by half the amount of greenhouse gases produced for every dollar of economic activity by the end of the decade.
India’s updated nationally determined contributions or NDCs, as commitments by countries under the Paris Agreement are referred to, could include a commitment to reduce the emissions intensity of the economy by at least 46 to 48 per cent from its 2005 levels. Building on its enhanced renewable energy target of 450GW, India could pledge to increase the share of non-fossil fuel sources in its energy generation capacity to at least 60 per cent, with the possibility of raising it to 65 per cent, by 2030. With less than two weeks to the Glasgow meet, inter-ministerial consultations are on to finalise the details.
India missed the October 12 deadline set by the United Nations Framework Convention on Climate Change for countries to submit their updated climate plans. India is considering announcing its updated NDCs at Glasgow. “It could be part of the Prime Minister’s intervention at the Leaders’ Summit at COP26,” said a senior official.
India, according to sources familiar with the discussions, will keep to the same pattern as the 2015 submission—an economy wide target and two sectoral goals. The 2015 NDC comprised eight goals; three of these had quantitative targets for a ten-year time frame. India committed to increase the share of non-fossil fuel sources to 40 percent of the power generation capacity and reduce the emissions intensity of the economy by 33 to 35 per cent compared to 2005 levels. The third component was the c ..
Read more at: https://economictimes.indiatimes.com/news/india/india-set-to-update-its-2030-climate-targets-under-paris-agreement/articleshow/87098192.cms