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LATEST NEWS UPDATES | India demands $1 trillion as ‘climate finance’ -Jacob Koshy

India demands $1 trillion as ‘climate finance’ -Jacob Koshy

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published Published on Nov 11, 2021   modified Modified on Nov 12, 2021

-The Hindu

India’s NDCs are subject to the availability of this amount in climate finance, says key negotiator

India has demanded a trillion dollars over the next decade from developed countries to adapt to, and mitigate, the challenges arising from global warming, and has kept this as a condition for delivering on climate commitments made by Prime Minister Narendra Modi, a senior official who is part of ongoing climate agreement negotiations in Glasgow told The Hindu.

India’s five-fold plan, as Mr. Modi spelt out on November 2, is as follows — India’s non-fossil energy capacity would reach 500 GW by 2030; it will meet 50% of its electricity requirements with renewable energy by 2030; reducing its total projected carbon emissions by a billion tonnes by 2030; it will reduce the carbon intensity of its economy to less than 45% and achieve net zero by 2070.

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The Hindu, 11 November, 2021, https://www.thehindu.com/news/national/india-demands-1-trillion-as-climate-finance/article37438973.ece?homepage=true


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