Green over Brown (Download PDF)

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  • At the Virtual Climate Ambition Summit co­convened by the UN, India asserted that is on its way to fulfil the national pledge on emissions reduction. Although India՚s climate goals are on track but future investments need to be sustainable.
  • The United Nation՚s summit marks the fifth anniversary of the Paris Agreement.
Green over Brown

India՚s INDCs (Intended Nationally Determined Contribution)

  • Reducing the emissions intensity of its GDP by 33 to 35 % by 2030 from 2005.
  • By 2030, achieving about 40 % cumulative electric power installed capacity from non-fossil fuel-based energy resources.
  • Creating an additional carbon sink of 2.5 to 3 billion tonnes of CO2 by 2030.

Performance of India

  • India has been recognized by the UNEP՚s Emission Gap Report 2020 among the 9 countries to be on track to achieve commitments made under Paris agreement.
  • The estimated present reduction of emissions intensity by 21 % over 2005 levels, (the goal is between 33 % and 35 % of GDP by 2030) .
  • Forest cover and renewable energy are the two other twin pillars of India՚s climate targets.
  • In 2030, the installed solar capacity had increased to 36 gigawatts.
  • The renewable energy capacity of India is expected to reach as high as 175 GW by 2022.
  • To achieve 100 GW of solar capacity (within the renewable goals) from the current 36 GW appears to be a steep goal.

Needs to be Done

  • Attention needs to be paid on large-scale agriculture insurance against climate disasters.
  • Needs to focus on future emissions, shift to low carbon pathway, adoption of renewable energy and planning green investments that qualify for global climate funding.
  • Countering transport related emissions which have risen sharply in the unlock phase of the pandemic due to personal vehicles.
  • Planning measures for cycling and pedestrianization need to be adopted well.

G-20 Bloc

  • Collectively constitutes 78 % of global greenhouse gas emissions.
  • Due to COVID-19, there has been a significant reduction in the greenhouse gas emissions due to reduced industrial activity. Also, the pandemic has given all countries an opportunity to review their development trajectories.
  • The extent of fiscal stimulus worldwide is estimated to be of $ 12 trillion which can be further used to pursue green growth in future.

- Published/Last Modified on: May 25, 2021

Economy, Environment/Ecology

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