CURRENT AFFAIRS

Detailed explanation-1: -As a result of the aforesaid measures, India has progressively continued decoupling of economic growth from greenhouse gas emissions. The Net Zero target by 2030 by Indian Railways alone will lead to a reduction of emissions by 60 million tonnes annually.

Detailed explanation-2: -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-3: -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.

Detailed explanation-4: -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-5: -Taking a step further, at COP27, India submitted its Long-Term Low Emission Development Strategy (LT LEDS) to UNFCCC, which included plans for rapid expansion of green hydrogen production, three-fold increase in nuclear capacity by 2032, 20 percent ethanol blending in petrol by 2025, and more.