A cohesive approach by all relevant stakeholders will be needed if India is to achieve its ambitious plan to cut GHG emissions.
In its 38-page action plan submitted to UN climate body, UNFCCC in October this year, India has assured a one-third reduction in its harmful greenhouse gas emissions from its 2005 levels.
It has further stated its intention to generate approx 40% of its electricity in 2030 from “non-fossil fuel based sources” generated by renewable IPP like solar, wind or hydropower, outlining the kind of steps it wants to take until 2030 as part of its contribution to the global campaign against climate change. India said preliminary estimates suggested it would require approx USD 2.5 trillion to execute these plans till 2030, and sought international help.
Here’s a closer look at India’s key objectives & how they can be achieved.
Objective No. 1: Reduce emission intensity by 33-35% by 2030 as compared to 2005 levels
Introduce more efficient technologies in thermal power generation.
Reduce emission from the transport sector.
Promote energy efficiency in buildings, industry, transport and appliances.
Build infrastructure that can withstand climate change.
Implement a Zero-Effect, Zero-Defect policy as part of its Make in India programme.
Objective No. 2: Produce 40 percent electricity from non-fossil fuel based energy sources by 2030.
Install 175GW of solar, wind and biomass electricity by 2022, scale it up in following years.
Aggressively pursue hydropower development.
Achieve approx 63 GW of installed nuclear power generation capacity by 2032.
Objective No. 3: Create an additional carbon sink of 2.5-3 bn tonnes of carbon dioxide equivalent by 2030 through additional tree and forest cover.
Fully implement Green India mission and other aforestation programmes.
Develop a 14,000-km long tree line on both sides of national highways.
The promise to cut emissions per unit of GDP, by approx 33-35% by 2030 from 2005 levels is an extension of India’s earlier commitment prior to the 2009 climate conference in Copenhagen that had witnessed a failed attempt to reach an agreement on climate change.
This time round, India, the fourth biggest source of GHG, looks better prepared to achieve its stated goals having listed all the actions that it is already taking to achieve its climate objectives, like its ongoing initiative to install 175 GW of power generation capacity through renewable energy sources by the year 2022 that has also signaled a windfall for solar IPP and wind IPP in India.
Welspun Renewables is on a mission to power a green India and help the country meet her growing energy requirements in an efficient, environment-friendly manner. In the next six years, the company will become a fully-integrated power company by setting up renewable energy based power plants to help meet this goal.