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Tags Current Affairs

India to overachieve UNFCCC 2030 target

Date: 27 June 2020 Tags: Climate Change

Issue

The percentage of non-fossil fuel in India’s electric power installed capacity is estimated to increase to 64 percent in March 2030, according to a recent report by the Central Electricity Agency.

 

Background

The report added that the percentage of non-fossil fuel in installed capacity stood at 49 percent and 36.5 percent in March 2022 and March 2019, respectively.

 

Details

  • According to the Intended Nationally Determined Contribution (INDC) to the UN Framework Convention on Climate Change target, the goal is to achieve about 40 percent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030.

  • This is to be done with the help of the transfer of technology and low-cost international finance including from the Green Climate Fund.

  • In October 2015, India had submitted its INDC to UNFCCC. Another aim of the INDC target is to reduce the emissions intensity of its gross domestic product by 33 percent to 35 percent by 2030 from 2005 level.

  • It has also set a target of creating an additional carbon sink of 2.5 billion tonnes to 3 billion tonnes of carbon dioxide equivalent through additional forest and tree cover by 2030.

  • India is taking several steps to achieve its INDC targets for increasing renewable energy share such as its ambitious target of achieving 450 MW renewable energy capacity by 2030, one of the largest such expansion plans in the world, is already underway.

  • Other plans include creating green energy corridors, solar parks, implementation of the National Smart Grid Mission, rolling out of solar-wind hybrid and battery storage tenders, and the introduction of innovative technologies to promote energy efficiency.

 

India’s intended Nationally Determined Contributions to UNFCCC 2030

  • To reduce the emissions intensity of its GDP by 33 to 35 percent by 2030 from 2005 level.

  • To achieve about 40 percent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030, with the help of the transfer of technology and low-cost international finance, including from Green Climate Fund.

  • To create an additional carbon sink of 2.5 to 3 billion tonnes of CO2 equivalent through additional forest and tree cover by 2030.

  • To better adapt to climate change by enhancing investments in development programs in sectors vulnerable to climate change, particularly agriculture, water resources, Himalayan region, coastal regions, health and disaster management.

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