India on course to exceed Paris agreement targets, says report

India, home to nine of the ten most polluted global cities, is well on course to exceed the emission targets under the 2015 Paris agreement and there could be $401 billion worth capital expenditure towards a green future between 2015 and 2030 period, says a report.

In the report on Tuesday, Bank of America Securities also said that there are seven major drivers for the change, including the push to cut diesel intake, increase natural gas and renewable energy, stricter emission norms, cleaning up Ganga river and better energy efficiency.

“Between 2015 and 2030, India could drive $401 billion in capex towards a green future, gain 106 GW in energy savings by adopting renewals, and reduce C02 by 1.1 billion tonne per annum, helping her exceed the 2015 Paris agreement,” the report said.

Times Of India
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