NEW DELHI, Oct 2 - Ahead of the crucial climate change summit in Paris, India today made a �comprehensive and ambitious� pledge to reduce its greenhouse emission intensity by upto 35 per cent by 2030 from 2005 levels, a 75 per cent jump over its present voluntary commitment.
Announcing this here, Union Environment Minister Prakash Javadekar said that, as per preliminary estimates, �at least $ 2.5 trillion (at 2014-15 prices) will be required for meeting India�s climate change actions between now and 2030�.
India also said that it would achieve 40 per cent installed capacity for electric power from non-fossil fuel resources by 2030, which would be a jump of 33 per cent from the present capacity.
Noting that India�s climate actions have so far been largely financed through domestic resources, he said that any substantial scale-up of climate action plans would require greater resources.
Spelling out India�s Intended Nationally Determined Contributions (INDC) on Mahatma Gandhi�s birth anniversary ahead, the Environment Minister said, �Our INDCs are comprehensive, ambitious and progressive and reflect all issues of mitigation, adaptation, finance, technology transfer and capacity building.� India�s current voluntary pledge is for reducing emission intensity of its GDP by 20-25 per cent over 2005 levels by 2020, Javadekar told reporters here.
He said that as a major emerging economy, India has mainly three important targets.
�We want to reduce our emission intensity by upto 35 per cent by 2030. This is against the backdrop of 20 per cent (reduction) by 2020 and that means a rise of 75 per cent in our target.
�Secondly, we will increase our non-fossil fuel-based energy resources by upto 40 per cent,� Javadekar said.
In addition, India has also pledged to create an additional carbon sink of 2.5 to 3 billion tonnes of CO2 equivalent through additional forest and tree cover by 2030. � PTI