India’s INDC (Intended Nationally Determined Contribution) post COP/21 for the period 2021 to 2030
India may invest $834 billion in mitigation for upstream policies like renewable energy, energy efficiency, transport, smart cities. And another $206 billion for adaptation priorities like climate smart agriculture, land and soil management, ecosystem and biodiversity and watershed and river basin management.
India set its own target to lower emissions by 33-35% by 2030 below the 2005 levels, and may invest $834B in mitigation for upstream policies like renewable energy efficiency, transport, smart cities, etc. This is part of Government of India’s INDC (Intended Nationally Determined Contribution) in response to decisions 1/CP.19 and 1/CP.20 of the Conference of Parties at United Nations Framework Convention on Climate Change (UNFCCC).
One of the major goals of this framework is to find ways and means to reduce emissions from transportations sector. This sets the stage for introducing more efficient technologies in power generation while promoting renewable energy generation and increasing the share of alternative fuels in the overall fuel mix.
The heartening news of global LNG CapEX being dominated by Australasia and Asia in the past and foreseeable future, also helps in visualizing potential growth in the LNG transportation and terminal infrastructure. The LNG industry attributes expenditure distribution between liquefaction, import facilities and transportation at 66 : 21 : 13 percent. Countries in South and Central Asia will not have any expenditure on liquefaction or construction of LNG carriers assigned to them (forecast period 2016-2020). While India plans to build a number of new import terminals, including Kakinada FSRU, Gangavaram Port, Jaigarth LNG, Kattupalli LNG and Mudra LNG by 2020. The Dahej, Dabhol and Hazira facilities would also be on-stream soon.
India hereby communicates its Intended Nationally Determined Contribution (INDC) in response to COP decisions 1/CP.19 and 1/CP.20 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.
- To adopt a climate friendly and a cleaner path than the one followed hitherto by others at corresponding level of economic development.
- To reduce the emissions intensity of its GDP by 33 to 35 percent by 2030 from 2005 level.
- To achieve about 40 percent cumulative electric power installed capacity from non-fossil fuel based energy resources by 2030 with the help of transfer of technology and low cost international finance including from Green Climate Fund (GCF).
- To create an additional carbon sink of 2.5 to 3 billion tonnes of CO2 equivalent through additional forest and tree cover by 2030.
- To better adapt to climate change by enhancing investments in development programmes in sectors vulnerable to climate change, particularly agriculture, water resources, Himalayan region, coastal regions, health and disaster management.
- To mobilize domestic and new & additional funds from developed countries to implement the above mitigation and adaptation actions in view of the resource required and the resource gap.
- To build capacities, create domestic framework and international architecture for quick diffusion of cutting edge climate technology in India and for joint collaborative R&D for such future technologies.
To achieve the above contributions, India is determined to continue with its on-going interventions, enhance the existing policies as detailed in previous sections and launch new initiatives in the following priority areas:
- Introducing new, more efficient and cleaner technologies in thermal power generation.
- Promoting renewable energy generation and increasing the share of alternative fuels in overall fuel mix.
- Reducing emissions from transportation sector.
- Promoting energy efficiency in the economy, notably in industry, transportation, buildings and appliances.
- Reducing emissions from waste.
- Developing climate resilient infrastructure.
- Full implementation of Green India Mission and other programmes of afforestation.
- Planning and implementation of actions to enhance climate resilience and reduce vulnerability to climate change