India Nears its Paris Agreement Targets with 28 percent Reduction in Emissions Since 2005
The Indian government has stated that the country progressively nears its targets set in the Paris Agreement. Union Minister of Power and New and Renewable Energy, RK Singh said India has acquired a 28 percent reduction in carbon emissions over 2005 levels, against the target of 35 percent by 2030.
The emission reduction and production of renewable energy are crucial parts of the nationally determined contributions (NCD) under the Paris Agreement and India has been making significant strides towards achieving these goals.
The government is quite confident that India will not only achieve but also exceed its NDC commitments well within the committed time frame given the pace of development in the energy sector.
During an address speech at the ‘India-ISA Energy Transition Dialogue 2021’ event organised by the International solar Alliance and the New and Renewable Energy (NRE) Ministry, RK Singh said;
The government has enacted favourable policies and regulations to boost the clean energy sector. India has been aggressively pushing for energy efficiency improvements for the past two decades through a combination of innovative market mechanisms and business models, institutional strengthening and capacity building, as well as demand creation measures.
The minister added that the power sector had reached the milestone of 100 gigawatts of installed renewable energy capacity. India is increasing its targets to install 450 GW of renewable energy capacity by 2030 from its existing target of 175 GW by 2022.
With 100 GW of capacity already installed and operationalised, India is thriving to attain 50 GW of additional capacity under installation while another 27 GW is under process.
The government release stated that around 38.5 percent of India’s installed power generation capacity is based on clean renewable energy sources and it could reach the target of 40 percent by 2023.
Singh also included that it was expected that by 2050, 80-85 percent of India’s overall power capacity would come from renewable energy sources.
The statement comes merely months before the Conference of Parties (COP26) summit in Glasgow, which India will be attending as well. Whether these claims are true or not, reduction in emissions and increase in renewable energy capacity must be achieved well before the planet reaches doomsday.
Via: India Today