In its Intended Nationally Determined Contribution (INDC) submitted to the United Nations Framework Convention on Climate Change (UNFCCC) tonight, 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 that it would need, as per preliminary estimates, around USD 206 billion between 2015 and 2030 for implementing adaptation actions in agriculture, forestry, fisheries infrastructure, water resources and ecosystems.
"Keeping in view its development agenda, particularly the eradication of poverty coupled with its commitment to following the low carbon path to progress and being sanguine about the unencumbered availability of clean technologies and financial resource from around the world, India hereby communicates its Intended Nationally Determined Contribution (INDC) in response to COP decisions... For the period 2021 to 2030: To put forward and further propagate a healthy and sustainable way of living based on traditions and values of conservation and moderation.
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"To create an additional carbon sink of 2.5 to 3 billion tonnes of CO2 equivalent through additional forest and tree cover by 2030," it said.
Each of the 192 countries were expected to submit their INDCs ahead of a climate change conference in Paris where the nations hope to finalise a global pact to curb greenhouse gas emissions sufficiently to prevent temperatures from rising beyond 2 degrees C during this century.
The Conference of Parties (COP21) in Paris is scheduled to be held from November 30 to December 11 this year.