India publishes long term emissions strategy to reach net zero in 2070

Livemint
Bhupender Yadav launched India's Long-Term Low Emission Development Strategy document on 14th November 2022 at COP27Premium
Bhupender Yadav launched India's Long-Term Low Emission Development Strategy document on 14th November 2022 at COP27

India will prioritize a phased transition to cleaner fuels and slash household consumption to achieve net zero emissions by 2070

India on Monday laid out the steps it will take to achieve net zero by 2070, releasing its Long-Term Low Emissions and Development Strategies (LT-LEDS) at the COP27 summit in Egypt.

India in a phased plans to transition to cleaner fuels and slash household consumption to achieve net zero emissions by 2070, according to a national report released Monday at the United Nations COP27 climate summit in Egypt.

"This is an important milestone," said India's environment minister Bhupender Yadav at a COP27 event marking the report's launch. "Once again India has demonstrated that it walks the talk on climate change."

India's LT-LEDS emphasizes on six key areas to reduce net emissions, which include electricity, urbanization, transport, forests, finance, and industry.

India proposes increasing the use of biofuels - particularly ethanol blending in petrol - boosting the number of electric vehicles on the road, alongside expanded public transport networks, and using more green hydrogen fuel.

While India's LT-LEDS laid out an ambitious green transition strategy, Yadav said the country could not have a situation where the energy security of developing countries is ignored in the name of urgent mitigation.

India and other developing countries have long resisted calls for a rapid move away from fossil fuels that could undermine their economic growth and impose big costs.

Under the Paris Agreement, which holds the world to limit warming to 1.5 degrees Celsius above preindustrial temperatures, all countries are required to submit reports showing how they'll get there.

So far, just 56 countries have submitted LT-LEDS to the United Nations Framework Convention on Climate Change, including China, the United States, and Japan.

(input from agencies)

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less