India aims to reduce 30 percent greenhouse gas emissions in next 15 years, said Union minister of state for Environment, Forest and Climate Change Prakash Javadekar on Wednesday. The commitment of India is also mentioned in the INDC’s submitted just before the Gandhi Jayanti.
“India has submitted its INDCs which envisages reduction of carbon intensity of its GDP by 33 to 35 percent from 2005 levels by 2030,” Javadekar said. The statement from the environment minister came after two leaders Rajan Vichare of Shiv Sena and Gutha Sukender Reddy of Congress had asked about the government’s plan on reduction of greenhouse house emissions.
“INCDs submitted by India envisages that about 40 percent of its cumulative electric power installed capacity shall come from non-fossil fuel based energy sources by 2030. The target will be achieved with the help of transfer of technologies and low cost international finance including the Green Climate Fund (GCF),” he said.
Javadekar also made it clear that India’s climate action plan over next 15 years will cost around $2.5 trillion and developed countries will help in generating such a mammoth capital. “About USD 2.5 trillion will be required for meeting India’s climate change actions between now and 2030, that is over a period of 15 years which shall be met from domestic sources as well as leveraging of financial commitments made by developed countries to mobilise 100 billion US dollars a year by 2020 for climate change,” he said.
In the INDC’s it was mentioned that if everything goes according to the plan then India should cut down greenhouse gas emissions up to 30 percent by 2030 and up to 56 percent by 2085.