COP26 SUMMIT: INDIA

In news:

• India will achieve net-zero carbon emissions by 2070 and reduce one billion tonnes of carbon emissions from the total projected emissions by 2030.

 

 

About:

• The country will bring down the carbon intensity of its economy by more than 45 percent by 2030.
• Delivering the National Statement at the World Leaders' Summit of COP26 in Glasgow, Prime Minister Narendra Modi said, India will bring its non-fossil energy capacity to 500 GW by 2030 and it will fulfill 50 percent of its energy requirement through renewable energy by 2030.
• Mr Modi said the country constitutes 17 percent of the global population and its contribution to the emission has remained only five percent. But today, the entire world admits that India is the only major economy that has delivered on the Paris Agreement in letter and spirit.
• The Prime Minister added that the climate finance and transfer of low-cost technology become even more important when India has resolved to move forward with a new commitment and new energy.
• Talking about climate finance, the Prime Minister stressed the need to put pressure on those countries that have failed to deliver on their promises about climate finance.