The recent report published by the Intergovernmental Panel on Climate Change (IPCC) report revealed some of the most worrying assessments of how the increasing global temperature is affecting our whole ecosystem. In the AR6, the scientists focused on the mitigation aspect as they have already highlighted the causes and impacts of climate change in their first and second publications.
This includes the measures the nations can opt to mitigate the carbon footprint that they have created so far. This consists of the measures the nations can opt to mitigate the carbon footprint that they have created so far. IPCC also praised the efforts of the countries that are taking noticeable actions to mitigate the impacts of climate change. The IPCC Chair Hoesung Lee while highlighting these efforts said, “I am encouraged by climate action being taken in many countries. There are policies, regulations and market instruments that are proving out to be effective”.
At the COP26 climate summit in Glasgow, major nations have committed some promising actions against climate change & India too made its presence at the conference. PM Modi pledged that India will become a ‘net-zero’ carbon emitter by 2070 and announced several targets for renewable energy integration and a decline in carbon emissions. One of the key commitments to bring a significant change and to lower the catastrophic effects of climate change are these shifts toward renewable energy and India has been evidently working towards achieving the same.
Recently the Ministry of New & Renewable energy has announced that India is escalating towards achieving its renewable energy targets as they have already achieved carbon emission reduction of about 25% over 2005 levels, against the climate action target of 35% by 2030.
The central government has been introducing several policies to boost the nation's dependability on renewable sources. As per data available, India’s renewable energy capacity crossed 100 gigawatts & reached 157.32 GW in 2021. India is targeting about 450GW of installed renewable energy capacity by 2030 and 60% of this is expected from solar. India’s nuclear energy-based installed electricity capacity stands at 6.78 GW.
This makes India among one of the few nations globally which are on its way to achieving Paris Climate Change (COP21) commitments along with an exponential increase in renewable energy capacity. Considering the rate of growth in the energy sector, India is determined to not only achieve but surpass its NDC commitments well within the committed time frame.
India introduced the nation’s Union Budget 2022 & focusing on the economic sector, the minister Nirmala Sitharaman also highlighted the nation’s promising stand toward global climate change action goals. The government laid out some “groundbreaking” policies to mitigate the risks of global climate change. At the COP26 summit in Glasgow, Prime Minister Modi said, “what is required today is mindful and deliberate utilisation, rather than mindless and destructive consumption.”
Solar Power: To facilitate domestic manufacturing for the ambitious goal of 280 GW of installed solar capacity by 2030, a further allocation of 19,500 crores for Production Linked Incentive for the manufacture of high-efficiency modules, with priority to completely integrated manufacturing units from polysilicon to solar PV modules, is going to be made.
Circular Economy: The Circular Economy transition is anticipated to assist in productivity enhancement and will help in creating large opportunities for brand progress, new businesses and jobs. The action plans for ten sectors like electronic waste, end-of-life vehicles, used oil waste, and toxic & hazardous industrial waste are prepared. The main focus now will be on addressing important cross-cutting problems with infrastructure, reverse logistics, technology up-gradation and integration with the informal sector. This can be supported by active public policies covering regulations, extended producers’ responsibilities framework and innovation facilitation.
Transition to Carbon Neutral Economy: Five to seven per cent of biomass pellets are co-fired in thermal power plants leading to CO2 savings of 38 MMT annually. This can also provide extra income to farmers and job opportunities to locals and help avoid stubble burning in agriculture fields.
Saving energy: a very important aspect of energy management is saving energy. India has announced that an Energy Service Company (ESCO) business model is implemented & energy efficiency and savings measures are promoted. It'll facilitate capacity building and awareness for energy audits, performance contracts, and customary measurement & verification protocols.