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Indian PM pledges his country will achieve net zero emissions by 2070
The India Times reported that India committed to achieve net zero emissions by 2070 as a move that will energise the global efforts at climate change.
According to the report, this commitment was buttressed with four near-term targets. By 2030, India would increase its non-fossil fuel energy capacity to 500 GW, increase the share of renewables in the energy mix to 50%, and reduce the emissions intensity of its economy by 45%. India also committed to reduce emissions by one billion tonnes by 2030.
Addressing the COP 26 climate summit in Glasgow, Prime Minister Narendra Modi announced the five-point climate 'panchamrit', or pledge. As he set new and tougher targets for India, Modi called for a new financial target of $1 trillion, money that the developed countries would provide the developing countries.
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In doing so, India gave support to the Africa Group's demand for $1 trillion in climate finance. "When we as developing countries are increasing the ambition of our climate action, then the amount of climate finance cannot remain the same as it was at Paris," Modi said in a stark reminder of the global compact that has been forged to address climate change, but one that has been consistently undermet.
This ties in with what Modi set out as the mantra of India's approach to global climate action. "Today in the 21st century, it has become all the more important, relevant, that the world has to move together, talk to each other and that our hearts should meet."
Track Record
Modi stressed that India is the only big emitter that has delivered in letter and spirit on Paris. He also reminded that India's track record is not empty words. India's renewable energy capacity is fourth in the world, a 25% increase in the last four years. India's railway system has promised to reach net zero by 2030. This alone will reduce 60 million tonnes of emissions. India also has launched institutional solutions at the global level: ISA, CDRI, that go ..
Source: indiatimes
