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'description' => '<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Issue</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">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.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Background</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">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.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Details</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">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.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">This is to be done with the help of the transfer of technology and low-cost international finance including from the Green Climate Fund.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">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.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">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.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">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.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">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.</span></span></p>
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<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>India’s intended Nationally Determined Contributions to UNFCCC 2030</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">To reduce the emissions intensity of its GDP by 33 to 35 percent by 2030 from 2005 level.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">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.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">To create an additional carbon sink of 2.5 to 3 billion tonnes of CO2 equivalent through additional forest and tree cover by 2030.</span></span></p>
</li>
<li>
<p><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">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.</span></span></p>
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'title' => 'India to overachieve UNFCCC 2030 target',
'description' => '<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Issue</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">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.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Background</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">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.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Details</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">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.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">This is to be done with the help of the transfer of technology and low-cost international finance including from the Green Climate Fund.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">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.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">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.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">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.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">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.</span></span></p>
</li>
</ul>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>India’s intended Nationally Determined Contributions to UNFCCC 2030</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">To reduce the emissions intensity of its GDP by 33 to 35 percent by 2030 from 2005 level.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">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.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">To create an additional carbon sink of 2.5 to 3 billion tonnes of CO2 equivalent through additional forest and tree cover by 2030.</span></span></p>
</li>
<li>
<p><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">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.</span></span></p>
</li>
</ul>
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