© Thomas Trutschel/photothek.net
As one of the fastest-growing economies in the world and a country with an ever-expanding population, India’s CO2 emissions rose by 88 per cent between 1990 and 2004. The government is keenly aware that it needs to simultaneously protect its development goals and implement its ambitious clean energy targets. In the last five years, India’s renewable energy capacity has grown substantially, largely due to a forward-looking energy policy. Today, it ranks fourth among 55 developing countries in clean energy investment. In 2015 India spearheaded the creation of the International Solar Alliance (ISA) which is expected to be operational in 2016 and have 121 members.
- Increase its clean energy capacity by 175GW
- Increase the share of clean energy in its total energy mix to 40%
- Reduce emissions intensity by 33–35%
- Create an additional carbon sink of 2.5–3 billion tonnes of CO2 by adding more forest and tree cover
India would need $2.5 trillion by 2030 to implement its climate change goals