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Climate Change: India Furnishes INDCs, Sets $206 Billion Spend in 15 Years

As announced earlier, India unveiled today its Intended Nationally Determined Contributions (INDCs) coinciding with Father of the Nation Mahatma Gandhi’s birth anniversary, which entails a target for a 33-35 percent cut in its carbon emission intensity by 2030. The base level was 2005 and it becomes a 25-year plan.

However, the required percapita emission target was not set by India as expected and the country said it would aim to achieve much lower average of the developed countries. The announcement of INDCs come in the wake of the Paris Meet on Climate Change this year end.

“India’s emission intensity reduction target is in line with its commitment in 2010 of bringing down emission intensity by 20 per cent by 2020,” said Environment, Forest and Climate Change Minister Prakash Javadekar on Friday.

India is the world’s third-largest emitter of greenhouse gases and the pressure is high on it cut the current level of green house emissions. Besides the INDCs, India said it would target 40% cumulative installed power capacity from non-fossil fuels by 2030 provided UN financial support is extended to achieve it.

The INDCs or pledges to cut down on emissions was submitted by India to the United Nations on Thursday evening come nearer the expectations but not near China’s level. China is the world’s biggest emitter and has pledged in June to cut down on carbon efluents by 60 to 65%, almost double than India’s current pledge.

However, India shied away from setting any timeline on how it would achieve but said it planned to develop 25 Solar Parks, supply 100,0000 solar pumps to farmers and convert all 55,000 petrol pumps across the country to solar.

While current INDCs would require India to spend around $206 billion from now onwards to 2030 to implement, India said it requires greater resources including the UN financing. “India’s climate actions have so far been largely financed from domestic resources,” said the statement, which was lodged with the U.N. Framework Convention on Climate Change.

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