Indian Economy News

India achieves two targets of Nationally Determined Contribution well ahead of the time

As a signatory to the United Nations Framework Convention on Climate Change (UNFCCC) and its Paris Agreement, India submitted its inaugural Nationally Determined Contribution (NDC) in 2015, outlining two quantifiable targets:

1. To achieve a 33 to 35% reduction in the emissions intensity of its GDP by 2030, relative to the 2005 level.

2. To attain approximately 40% cumulative electric power installed capacity from non-fossil fuel-based energy sources by 2030.

Remarkably, these targets have been surpassed well in advance. As of October 31, 2023, the cumulative electric power installed capacity from non-fossil fuel-based energy resources stands at 186.46 MW, constituting 43.81% of the total cumulative electric power installed capacity. According to India's third national communication submitted to the UNFCCC in December 2023, the emission intensity of its GDP has witnessed a reduction of 33% between 2005 and 2019.

In August 2022, India revised its NDC, elevating the target for reducing the emissions intensity of its GDP to 45% by 2030 from the 2005 level. Simultaneously, the goal for cumulative electric power installed capacity from non-fossil fuel-based energy resources was augmented to 50% by 2030.

This information was provided by Union Minister of State for Environment, Forest and Climate Change, Mr. Ashwini Kumar Choubey, in a written response in the Lok Sabha today.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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