In November last year, India has placed its climate target in front of the world. According to which India will achieve the target of net zero carbon emissions by the year 2070.
Climate targets need big investments
India on its climate goals (climate targetInvestments of $ 20 billion (about Rs 1.53 lakh crore) every year to achieve ) and green change (Investment) Is required. FICCI (FICCI) and this thing was said in the white paper of Trilegal. To achieve this goal, the country needs large budget allocations, international finance from bilateral and multilateral sources and green private investment, according to the white paper. The report focuses on power sector reforms to encourage investment in India’s climate transformation. also highlighted. The report said, “India needs an investment of $ 20 billion every year to achieve its climate goals and make green change”.
What is India’s climate goal
In November last year, India has placed its climate target in front of the world. According to which India will achieve the target of net zero carbon emissions by the year 2070. Net zero carbon emissions means that the effect of carbon dioxide emissions should be completely eliminated, so that the rising temperature of the earth due to greenhouse gas can be stopped. Along with this, India had also put forward 4 more targets. In which to reach 500 GW of non-fossil energy capacity in India by 2030. By 2030, meet 50 percent of our energy needs from renewable energy. This includes reducing the estimated carbon emissions by one billion tonnes by 2030 and reducing the carbon intensity of the economy by 45 percent by 2030.
America can give 100 billion dollars to developing countries
At the same time, this week the US has said that it can meet the target of $100 billion annually to help developing countries to deal with climate change. Actually, developed countries had set a target to start giving this help from the year 2020. However, it has been delayed due to Kovid. Now America has announced that this year it can give to this fund. At the same time, there will be no problem in giving this fund next year. Giving this information, America’s climate envoy John Kerry said that the goal of giving 100 billion dollars in aid is trying to be completed in the year 2022. At the same time, in the year 2023, the target will be completed in any case.
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