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Goals Change Little for India's Fossil Fuel Use

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India has formalized climate targets made by Prime Minister Narendra Modi at last year's COP26 summit in Glasgow, but there appears to be ample room for fossil fuels to keep growing. India has pledged to have non-fossil fuels account for about half of its installed power generation capacity and reduce the emissions caused by activities for the nation’s economic growth by 45% by 2030. These are upgrades over India's vow under the Paris climate agreement in 2015, when it promised to make non-fossil fuels account for 40% of the installed power base and reduce emission intensity of GDP by 33%-35% by 2030 compared with 2005 levels. The updated Nationally Determined Contribution (NDC) is a step towards India's goal of achieving net-zero emissions by 2070. It could help India avoid international criticism that it is a climate laggard. However, New Delhi's reluctance to formalize all the goals Modi pledged at Glasgow also underlines how the recent energy crisis has prompted some countries to prioritize energy security and affordability over climate goals.

Topics:
Low-Carbon Policy, CO2 Emissions, Coal, Oil Demand, Gas Demand, Refining
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