India Climate Change Paris Agreement

The continued expansion of coal is a key reserve in India`s outlook. The 1.5 degree Celsius Paris Agreement means there must be an exit from coal in India`s electricity sector by 2040. The National Electricity Plan (NEP) in 2018 included more than 90 GW of planned coal capacity, which would unnecessarily increase emissions and risk becoming stranded assets. Abandoning these plans is more than feasible if we take into account recent developments such as a 50% reduction in solar energy costs in just two years and several plans to build coal-fired power plants by several distribution companies. The European Union is not doing much better, as the report indicates that the current climate change policy is not sufficient to meet its target of a 40% reduction in emissions by 2030. Sometimes sufficient commitments were those that committed to reducing emissions by 20 to 40%. Countries that had committed to reducing emissions below 20 per cent were considered to be sometimes insufficient commitments, and countries that did not have emission reduction targets in their commitments and whose commitments depended on more than 50 per cent of international financial assistance were considered insufficient. He said the problem with these reports is that they look at the whole problem of climate change from an oversimplified lens, because they put all countries in the same basket. Read more: [Interview with Sir Robert Watson] „Tackling climate change and biodiversity loss is in India`s best economic and development interest“ „Even if all voluntary climate commitments are fully implemented, they will cover less than half of what is needed to limit the acceleration of climate change over the next decade,“ said co-author Robert Watson. According to a report published on 5th November India`s commitment in the 2015 Paris Agreement to contribute to the reduction of global climate change is „insufficient“. He added that to achieve the targeted carbon sink by 2030, India would have to „more than double its current rate of forest cover expansion.“ No country is yet on track to meet the 1.5°C global warming targets set in Paris in 2016, but some are evolving far less well than others. .