COP27: India, China on track to overachieve 2030 UN climate targets
With the United Nations Climate Change Conference (COP27) underway in the backdrop of a year when extreme climate events demonstrated again the urgency to curb greenhouse gas emissions, leading economies of India and China are on track to overachieve their UN climate targets.
Renewable energy installed capacity in India has expanded at a rate of 19 per cent annually between 2016 and 2021. Its draft national electricity plan sees an 18 GW downward revision of installed coal capacity in 2030.
China is set to install a record 156 GW of wind and solar energy this year, and China’s electrical vehicle (EV) sales are forecasted to double with the possibility of reaching six million.
