Tuesday, August 16, 2022

Here are India’s INDC objectives and how much it will cost

At least USD 2.5 trillion (at current prices) required between now and 2030 to implement all planned actions

Written by Amitabh Sinha | Freiburg (germany) |
October 2, 2015 11:08:30 am

delhi, delhi pollution, delhi air quality

By 2030, India will need to promote energy efficiency, mainly in industry, transportation, buildings and appliances

Reduce emission intensity by 33 to 35 per cent by 2030 compared to 2005 levels

How:

Introduce new, more efficient and cleaner technologies in thermal power generation

Reducing emissions from transportation sector

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Promote energy efficiency, mainly in industry, transportation, buildings and appliances

Develop climate resilient infrastructure

Pursue Zero Effect, Zero Defect policy under Make in India programme

Produce 40 per cent of electricity from non-fossil fuel based energy resources by 2030, if international community helps with technology transfer and low cost finance.

How:

Install 175 GW of solar, wind and biomass electricity by 2022, and scale up further in following years

Aggressively pursue development of hydropower

Achieve the target of 63 GW of installed nuclear power capacity by 2032

Create an additional carbon sink of 2.5 to 3 billion tonnes of carbon dioxide equivalent by 2030 through additional forest and tree cover.

How:

Full implementation of Green India Mission and other programmes of afforestation

Develop 140,000 km long tree line on both sides of national highways

Develop robust adaptation strategies for agriculture, water and health sectors

How:

Redesign National Water Mission and National Mission on Sustainable Agriculture

Active implementation of ongoing programmes like National Initiative on Climate Resilient Agriculture, setting up of 100 mobile soil-testing laboratories, distribution of soil health cards to farmers.

Additional impetus on watershed development through Neeranchal scheme

Effective implementation of National Mission on Clean Ganga

Early formulation and implementation of National Health Mission

Complete Integrated Coastal Zone Management plan. Mapping and demarcation of coastal hazard lines

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Money Matters

At least USD 2.5 trillion (at current prices) required between now and 2030 to implement all planned actions. USD 206 million required for adaptation actions. Much more needed for strengthening resilience and disaster management.

About USD 834 billion, at 2011 prices, required for mitigation actions till 2030.

A total of INR 170.84 billion collected through cess on coal production. Being used for funding clean energy projects

National Adaptation Fund has been created with initial allocation of Rs 3500 million

Tax free infrastructure bonds of INR 50 billion being introduced for funding renewable energy projects

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