India has pledged to cut the intensity of its carbon emissions by 33-35 per cent and boost the renewable energy capacity to 40 per cent by 2030 in the target submitted to the United Nations Framework Convention (UNFCCC) on Climate Change for a global climate pact.
In its Intended Nationally Determined Contribution (INDC) submitted to the UNFCCC late yesterday, India announced that it aims at achieving around 40 per cent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030.
In the 38-page document, India said it "intends to reduce the emissions intensity of its GDP by 33 to 35 per cent by 2030 from 2005 level. This commitment is further echoed in India's actions in climate change adaptation with setting up its own National Adaptation Fund."
India said its INDC is fair and ambitious considering that it is attempting to work towards low carbon emission pathway while endeavouring to meet all the developmental challenges.
It said its long-term plan to curb greenhouse gas emissions builds on its Copenhagen pledge of a 20-25 per cent intensity reduction by 2020.
Asserting that its development plans will continue to lay a balanced emphasis on economic development and environment, India said the current policy framework also includes a favourable environment for a rapid increase in renewable energy, moving towards low carbon sustainable development pathway and adapting to the impacts of climate change .
India said its submission represented highest possible efforts as evident from multiple initiatives undertaken by the government and added that it reserves the right to make additional submissions on INDC as and when required.
The country would need, as per preliminary estimates, around $206 billion between 2015 and 2030 for implementing adaptation actions in agriculture, forestry, fisheries infrastructure, water resources and ecosystems.
Noting that mitigation requirements are even more enormous for the country, India referred to an estimate given by NITI Aayog saying that the mitigation activities for moderate low carbon development would cost around $834 billion till 2030.
All nations were due to come out with emission targets ahead of a climate change conference in Paris in December, where they are supposed to adopt a landmark deal to fight climate change.
Environment Minister Prakash Javadekar is scheduled to announce the action plan today, coinciding with the birth anniversary of Mahatma Gandhi.