India exceeds climate targets, boosts clean energy for faster economic growth
Team Finance Saathi
20/Feb/2025
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What's covered under the Article:
- India has surpassed major climate goals, reducing GDP emission intensity by 36% since 2005.
- Solar power capacity crossed 100 GW, with non-fossil fuel energy surpassing 47%.
- India is leveraging clean energy growth to drive economic expansion and job creation.
India is making remarkable strides in climate action, positioning itself as a global leader in clean energy and sustainable development. According to Simon Stiell, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), India has successfully surpassed several key climate targets, despite facing significant challenges due to its vast population and unique geography. These challenges include the impacts of melting glaciers, stronger storms, and food insecurity, all of which make India highly vulnerable to the effects of climate change.
India’s Clean Energy Revolution
One of the most impressive achievements highlighted by Mr. Stiell is India’s rapid adoption of clean energy, particularly in the realm of solar power. India’s remarkable feat of installing 100 gigawatts (GW) of solar power in record time underscores the country’s potential to lead the global clean energy revolution. India has also electrified all its villages, further cementing its commitment to sustainable development and climate action. With these achievements, Mr. Stiell described India as a “solar superpower”, capable of leveraging renewable energy to drive future economic prosperity.
He emphasized the opportunity that lies in expanding clean energy strategies across India’s economy. The global clean energy boom presents a unique chance for India to achieve accelerated growth, create millions of new jobs, and improve living standards. The UNFCCC official urged the country to take advantage of its momentum in clean energy to boost its green economy and strengthen its position as a leader in the global energy transition.
India’s Nationally Determined Contributions (NDCs)
India’s commitment to climate action is outlined in its Nationally Determined Contributions (NDCs), which were submitted to the UNFCCC in 2022. These NDCs reflect India’s determination to reduce GDP emission intensity by 45% by 2030, compared to 2005 levels. The country has also committed to achieving 50% cumulative electric power installed capacity from non-fossil fuel sources by the same year. These ambitious targets reflect India’s proactive approach to addressing climate change while ensuring that economic growth is not hindered.
Furthermore, India has pledged to create an additional carbon sink of 2.5 to 3 billion tonnes of CO₂ equivalent through extensive afforestation efforts. This commitment is part of India’s broader plan to enhance climate resilience and contribute to global carbon reduction efforts. As of December 2024, India’s non-fossil fuel power generation capacity exceeds 47%, a clear indication of the country’s progress towards its ambitious clean energy goals.
Achievements in Emission Intensity and Carbon Sink Creation
India has already made significant progress towards its climate commitments. Between 2005 and 2020, India reduced its GDP emission intensity by 36%, a notable achievement given the country’s rapid economic growth during the same period. Additionally, India has created an extra carbon sink of 2.29 billion tonnes of CO₂ equivalent between 2005 and 2021, demonstrating its dedication to environmental sustainability and carbon sequestration efforts.
The country’s afforestation initiatives are crucial in mitigating climate change and enhancing India’s ability to meet its long-term climate goals. By continuing to expand its carbon sink, India is not only contributing to global climate goals but also reinforcing its commitment to sustainable economic development.
A Bright Future for India’s Clean Energy and Climate Action
India’s success in surpassing its climate goals reflects its strong dedication to tackling climate change and its potential to play a significant role in the global clean energy transition. As the world accelerates its efforts to combat global warming, India’s leadership in solar power, renewable energy, and afforestation presents a model for other nations to follow.
The future of India’s clean energy sector looks promising, with continued investments in solar energy, wind power, and electric mobility expected to drive growth and create new opportunities. Moreover, the UNFCCC stresses the importance of expanding India’s climate strategies to include all sectors of the economy, ensuring that the country can capitalize on its clean energy revolution to promote job creation, economic prosperity, and improved living standards for all its citizens.
India’s progress towards its climate goals offers hope for the future and demonstrates that achieving sustainable development and economic growth can go hand-in-hand, with clean energy serving as a cornerstone of the nation’s climate resilience and global leadership.
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