India must substantially alter its current trajectory if it has to deliver on Prime Minister Narendra Modi’s climate targets for 2030, Fitch Solutions said on Friday.
Modi at the COP26 announced India by 2030 will increase its non-fossil fuel power generation capacity to 500 GW, generate 50 per cent of its power from renewable sources, reduce its total carbon emission by 1 billion tonnes and bring down carbon intensity of its economy by 45 per cent.
“India now faces the challenge of balancing strong economic growth with a sharp deceleration in its CO2 emissions,” Fitch Solutions said in a note. “India must substantially alter its current trajectory, if it is to deliver on its commitments.
