COP26: India will reach net zero emissions by 2070, says PM Modi

Last Updated on January 8, 2023 by Admin

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Prime Minister on Monday gave a five-pronged target for India and finally committed to a Net Zero emission target by 2070, joining the likes of the US, the UK and China.


“I am giving a panchamrit — five targets that India is committing to join the global fight for — by 2030. Our non-fossil capacity will touch 500 Gw and 50 per cent of our energy needs will come from sources. From now to 2030, the projected will reduce by 1 billion tonnes and our overall carbon intensity of the economy will see a 45 per cent reduction.”





In line with expectations from the UK and the US, he said India would be a Net Zero economy by 2070.


Net Zero is achieved when the amount of greenhouse gas produced is offset by the amount removed from the atmosphere. This entails no future investment in coal or fossil fuels and greening several industries and economies.


Modi also upped the target of the country to 500 Gw by 2030. It was 450 Gw earlier. India’s current RE capacity stands at 175 Gw.


“Today India’s installed renewable capacity is fourth in the world. In the last seven years, our non-fossil fuel energy has seen 25 per cent growth and the share of green energy in the mix reached 40 per cent,” Modi said, adding that India’s transporter, Indian Railways, had declared a Net Zero target year of 2030.


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“This entails 60 million tonnes of emission reduction every year. Another 40 million tonne emissions reduction will come from our LED programme,” Modi said.


He spoke of several other initiatives of India, including the International Solar Alliance (ISA), and said India had joined the Coalition for Disaster Resilient Infrastructure.


He asked the developed world to increase financing to meet the enhanced targets that India had declared.


“India has raised its ambition in setting its targets. They also need to raise ambitions in climate finance and tech transfer. The world cannot achieve newer targets with old goals of climate finance,” Modi said.


India is the only country to fulfil commitments made in Paris. India is putting at the centre of its policies, Modi said.


“Whole world thinks is only one economy which has worked Paris agreement on letter and spirit and it is India,” said the PM.

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