Prime Minister Narendra Modi made a daring commitment to achieve Net-Zero Carbon emissions by 2070. He made this stunning announcement at the COP26 Climate Summit in Glasgow. It is a remarkable step to fulfill India’s climate change obligations.
Earlier, Is India being a developing country was reluctant to make any commitments to Net Zero emission targets. Despite having 17% of the world’s population, India accounts for only 5% of emissions. It is a bold step on India’s part to achieve such a big target with a 50 years trajectory.
The commitment is regarding the carbon dioxide emissions that arise out of burning fossil fuels- petrol diesel, etc, and carbon dioxide produced during industrial activities.
Climate change experts say that once carbon emissions fall to zero it slows down Climate change. Climate disasters like unseasonal floods, droughts impacting lives and economic patterns around the globe are consequences of unprecedented levels of carbon emissions which intensify climate change.
While countries like Russia and China are not participating in the COP-26 India took the stage and committed to Climate change with clear timelines.
PM Modi in a statement pointed out that India is the only big economy that is devoted to the Paris commitment with determination, working hard, and showing results.
PM Modi also spoke on behalf of the less developed nations by demanding rich nations to come forward to make financial contributions to help achieve climate change targets.
List of targets announced
To reach non-fossil energy capacity to 500 GW By 2030.
India will meet 50% of its energy requirements from renewable sources by 2030.
India will reduce carbon emissions by 1 billion tons from now on till 2030.
By 2030 India will reduce the carbon intensity of its economy by less than 45%
Lastly as mentioned earlier by 2070 it will achieve the target of net-zero
Things India need to do to achieve Net-Zero Carbon emissions targets
Council on Energy Environment and water made a few estimates.
Firstly India’s coal-intensive power sector needs to face out by 2060 and in the industrial sector by 2065.
crude oil consumption in the economy must be reduced by 90% by 2070.
The shares of electric cars and other electric vehicles must reach 84% and 79% respectively by 2070.
Coal use in the industrial sector should peak by 2040 and reduce by 97% between 2040 and 2065.
Hydrogen share in total industrial energy use must increase to 15% by 2050 and 19% by 2070.
These ambitious targets will bring prosperity to citizens and protect the environment. However, we will have to wait and see the expenditure of such transitions and the sustainability of renewable energy options.