Last week at the COP 26 in Glasgow, Prime Minister Narendra Modi announced that India has set a target of net-zero carbon emissions by 2070. India also updated its Intended Nationally Determined Contributions (INDCs) that have to be met by 2030.
Its new pledge includes increasing the country’s installed renewable capacity to 500 GW, meeting 50 per cent of its energy requirements from non-fossil fuel sources, reducing carbon emissions by 1 billion tonnes and bringing down the carbon emissions intensity of the economy by 45 per cent from 2005 levels.
At the COP 21 in Paris, India, the third-largest emitter of carbon dioxide behind China and the US, made similar ambitious announcements and aimed to reduce the economy-wide emissions intensity by 33-35 per cent from 2005 levels by 2030.
It also set a target of 40 per cent installed capacity from renewable energy resources and committed to creating a carbon sink of 2.5-3 billion tonnes of carbon dioxide equivalent, through additional forest and tree cover. Since then, India has made a name for itself globally because of its massive investments in solar energy.
In August, the Ministry of New and Renewable Energy announced that the country has installed 100 GW of renewable energy capacity. The majority of this 100 GW, about 78 per cent, is due to large-scale wind and solar power projects.