CURRENT AFFAIRS

Detailed explanation-1: -New Delhi: On November 1, 2021, at the UN Climate Summit COP 26 in Glasgow, Prime Minister Narendra Modi had announced that India would achieve the net zero emission target by 2070, a rather ambitious deadline, which according to experts would require no additional greenhouse gases emission into the atmosphere.

Detailed explanation-2: -Target year – India aims to reach net zero by 2070. India’s Long Term Low Emissions Development Strategy (LTS), submitted to the UNFCCC in November 2022, details India’s vision and plan of action for achieving its target to become a net zero emitter by 2070 (Government of India, 2022a).

Detailed explanation-3: -The overall climate finance requirement by 2050 to achieve net zero emissions by 2070 will be in the order of tens of billions of dollars and around ₹85.6 trillion by 2030 for India’s adaptation needs, the document that runs into over 100 pages said.

Detailed explanation-4: -To achieve its 2070 target, India needs an investment of $10.1 trillion beginning now, a report titled Getting India to Net Zero in August showed. If the deadline is advanced to 2050, the amount rises to $13.5 trillion. There is also the matter of just transitions of the energy.

Detailed explanation-5: -At the 26th Conference of Parties to the United Nations Framework Convention on Climate Change in Glasgow last year, Prime Minister Narendra Modi announced that India will achieve net zero emissions by 2070.