12.4.2 Highlights of India’s INDC
Fuel Mix
• Share of non-fossil resources in installed power capacity to 40% by 2030.
• Increase the percentage of renewables, i.e., wind, solar, and bioenergy installed
capacity cumulatively from current 30 GW to 175 GW by 2022.
• Raise nuclear energy capacity from its current 5.8 GW to 63 GW by 2032.
• Upgrade the efficiency of 144 thermal coal plants.
• All the new coal plants should employ supercritical technology.
Infrastructure
• Under the National Smart Grid Mission, an investment of $6 billion is proposed
in Green Energy Corridor projects to evacuate power generated by renewable
energy sources.
• Enhance the share of railways in total land transportation from 36% to 45%.
• Creating two Dedicated Freight Corridor (DFCs) over a period of 30 years will
reduce CO 2 emissions by 57 million tons.
• Under Smart Cities Mission and Atal Mission for Rejuvenation and Urban
Transformation projects, infrastructural improvements are targeted in 600 cities.
Energy efficiency
• The National Mission for Enhanced Energy Efficiency (NMEEE) as part of
National Action Plan on Climate Change (NAPCC) endeavours to strengthen
the market for upscaling energy efficiency through policy and business models.
The mission aims to obviate the need for 20 GW of capacity additions, which
corresponds to 23 million tons of fuel savings per annum and 98 million tons of
GHG emission reduction.
Finance
• Implement a carbon tax on the coal of $3.20 per ton to contribute to the National
Clean Environment Fund.
• National Adaptation Fund for climate change was established to cater to the needs
of States and Union Territories in the domain of climate change adaptation.
• Subsidies given by the government are to be disbursed through direct cash
transfers.
12.4.3 India’s Clean Energy Targets
To achieve the aims of Paris Agreement on Climate Change, India by itself proposed
to create a “cumulative carbon sink” of 2.5–3.0 billion tons of CO 2e by the year
278
S. Prasad et al.
Fuel Mix
• Share of non-fossil resources in installed power capacity to 40% by 2030.
• Increase the percentage of renewables, i.e., wind, solar, and bioenergy installed
capacity cumulatively from current 30 GW to 175 GW by 2022.
• Raise nuclear energy capacity from its current 5.8 GW to 63 GW by 2032.
• Upgrade the efficiency of 144 thermal coal plants.
• All the new coal plants should employ supercritical technology.
Infrastructure
• Under the National Smart Grid Mission, an investment of $6 billion is proposed
in Green Energy Corridor projects to evacuate power generated by renewable
energy sources.
• Enhance the share of railways in total land transportation from 36% to 45%.
• Creating two Dedicated Freight Corridor (DFCs) over a period of 30 years will
reduce CO 2 emissions by 57 million tons.
• Under Smart Cities Mission and Atal Mission for Rejuvenation and Urban
Transformation projects, infrastructural improvements are targeted in 600 cities.
Energy efficiency
• The National Mission for Enhanced Energy Efficiency (NMEEE) as part of
National Action Plan on Climate Change (NAPCC) endeavours to strengthen
the market for upscaling energy efficiency through policy and business models.
The mission aims to obviate the need for 20 GW of capacity additions, which
corresponds to 23 million tons of fuel savings per annum and 98 million tons of
GHG emission reduction.
Finance
• Implement a carbon tax on the coal of $3.20 per ton to contribute to the National
Clean Environment Fund.
• National Adaptation Fund for climate change was established to cater to the needs
of States and Union Territories in the domain of climate change adaptation.
• Subsidies given by the government are to be disbursed through direct cash
transfers.
12.4.3 India’s Clean Energy Targets
To achieve the aims of Paris Agreement on Climate Change, India by itself proposed
to create a “cumulative carbon sink” of 2.5–3.0 billion tons of CO 2e by the year
278
S. Prasad et al.