India’s Delayed Climate Plan Sets Weak New Emissions Goal

3xpo]21[0r07vachyse7sbpb_media_dl_1.png Emissions Database for Global AtArticle content(Bloomberg) — India set a modest target to cut a key emissions metric 47% by 2035, as the world’s third-largest polluter attempts to balance growing energy demand and action on global warming.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe new goal to reduce emissions intensity — the amount of pollution generated per unit of gross domestic product — is calculated against a baseline year of 2005, and makes only an incremental advance on the nation’s prior commitments. India set an earlier pledge in 2022 to cut the metric 45% below 2005 levels by 2030.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentThe long-delayed strategy, which had originally been due by February 2025 under the terms of the Paris Agreement, was outlined at a cabinet briefing Wednesday. New plans also include a target to raise the share of non-fossil electricity capacity to 60% by 2035 from a prior goal of 50% by 2030, which India said it has achieved ahead of schedule.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentIndia’s fresh targets follow a series of underwhelming climate strategies from dozens of other countries that the United Nations has warned will leave the world far off track to limit global warming this century to 1.5C. Article contentThe nation’s climate role is seen as particularly crucial. India is an expanding economy where emissions are continuing to sharply rise, population growth won’t peak until the 2060s, and demand for air conditioning and data centers is pushing electricity consumption higher. Coal currently accounts for nearly three-quarters of power generation.Article contentIndia’s new 60% target for non-fossil electricity generation compares to a forecast this month by the country’s power ministry that already projects clean power capacity will rise to 70% by March 2036. Article contentArticle content“This is actually much less ambitious,” said Alexander Hogeveen Rutter, a Bengaluru-based power analyst. “It is substantially less than the government’s own generation plan” and implies a lower-than-expected rate of solar and wind additions which risks raising power costs for consumers and reducing energy security, he said.Article contentDelays in meeting the UN’s deadline to lodge an updated climate action plan follow India’s protests in recent years about the level of financial aid offered by richer countries to developing nations. India also argues that its situation is unique as it needs to fully develop its economy while also limiting pollution, unlike Western nations where industrialization was propelled by fossil fuels and unchecked emissions. Article content“Developed countries must reach net zero far earlier than current target dates and deliver new, additional, and concessional climate finance at a scale of trillions, not billions,” India’s Environment Minister Bhupender Yadav told the COP30 summit in Brazil in November.Article contentPrime Minister Narendra Modi, who didn’t attend a November meeting of world leaders in Belem, Brazil ahead of annual UN climate talks, has set a target for India to install 500 gigawatts of non-fossil fuel sources by 2030, roughly double the current volume. Article contentDetails presented at Wednesday’s cabinet meeting also outlined a plan for India to create a carbon sink capable of sequestering between 3.5 billion and 4 billion tons of carbon dioxide equivalent. Article contentIndia is targeting net zero emissions by 2070, two decades after many other national targets, and a decade later than China. A draft blueprint on how to achieve that ambition calls for about $21 trillion in investments.Article content—With assistance from Rajesh Kumar Singh and Rajesh Roy.Article contentTrending Smith calls for new southbound pipelines, says U.S. could call 'first dibs' on Canadian oil exports Oil & Gas Posthaste: Canada's troubled housing market just got hit with another headwind News Why market bets for interest rate hikes in Canada are so high Economy Oil and gas supply chain is about to snap, warns energy economist Peter Tertzakian Oil & Gas How can an Ontario couple ensure their a disabled son is taken care of after they die?

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