Ahead of the crucial climate change summit in Paris, India – the world’s third biggest carbon emitter – on Friday pledged to curb its greenhouse gas emissions by up to 35 per cent by 2030. Unveiling Intended Nationally Determined Contribution (INDC) document, Environment Minister Prakash Javadekar said that the goal is to reduce emissions intensity by 33 to 35 per cent from the 2005 level, a 75 per cent jump over its present voluntary commitment. It’s worth mentioning that India’s current voluntary pledge is for reducing emission intensity of its GDP by 20-25 per cent over 2005 levels by 2020.
Stressing on need of a huge funding to meet the goal, Javadekar said, “As per preliminary estimates, at least $2.5 trillion will be required for meeting India’s climate change actions between now and 2030,” adding that India’s per capita emissions in 2030 shall be lower than current global average. The minister also said that it would achieve 40 per cent installed capacity for electric power from non-fossil fuel resources by 2030, which would be a jump of 33 per cent from the present capacity.