Washington: Submitting its 'climate action plan', India has pledged to cut its carbon emission intensity by 33-35 percent and increase the share of renewable energy by a massive 40 percent in its total energy mix by 2030.
The announcement was made by India in its Intended Nationally Determined Contribution (INDC) submitted to the United Nations Framework Convention (UNFCCC) on Climate Change in Bonn for a global climate pact ahead of the climate change summit in Paris later this year. India described its INDC as "fair and ambitious".
India also said that it reserves the right to make additional submissions on INDC as and when required, noting its submission represented highest possible efforts as evident from multiple initiatives undertaken by the government.
"To adopt a climate friendly and a cleaner path than the one followed hitherto by others at corresponding level of economic development; To reduce the emissions intensity of its GDP by 33 to 35 per cent by 2030 from 2005 level; To achieve about 40 per cent cumulative electric power installed capacity from nonfossil fuel based energy resources by 2030 with the help of transfer of technology and low cost international finance including from Green Climate Fund (GCF)," the 38-page INDC document said while communicating India's plan yesterday.
External Affairs Minister Sushma Swaraj, meanwhile, called for a comprehensive and equitable climate change agreement at Paris summit and said developing countries can do more if they are enabled in their efforts with the provision of finance, technology transfer and capacity building support from developed countries.
The country would need, as per preliminary estimates, around USD 206 billion between 2015 and 2030 for implementing adaptation actions in agriculture, forestry, fisheries infrastructure, water resources and ecosystems.
Noting that mitigation requirements are even more enormous for the country, India referred to an estimate given by NITI Aayog saying that the mitigation activities for moderate low carbon development would cost around USD 834 billion till 2030.
India said its INDC is fair and ambitious considering that it is attempting to work towards low carbon emission pathway while endeavouring to meet all the developmental challenges.
It said its long-term plan to curb greenhouse gas emissions builds on its Copenhagen pledge of a 20-25 per cent intensity reduction by 2020.
Asserting that its development plans will continue to lay a balanced emphasis on economic development and environment, India said the current policy framework also includes a favourable environment for a rapid increase in renewable energy, moving towards low carbon sustainable development pathway and adapting to the impacts of climate change.
All nations were due to come out with emission targets ahead of a climate change conference in Paris in December, where they are supposed to adopt a landmark deal to fight climate change.