India is likely to achieve its two Paris Agreement goals 10 years before the 2030 deadline, according to US-based Institute for Energy Economics and Financial Analysis (IEEFA).
IEEFA made this estimate ahead of India’s 2nd Biennial update report, which would be released by the Indian government today at COP24 Katowice, Poland.
“For the first goal, IEEFA predicts that installed non-fossil fuel capacity in India will exceed 40 per cent by end of 2019. And at the current rate of 2 per cent reduction per year in emission intensity of its gross domestic product (GDP), India will likely achieve 33-35 per cent of emission intensity reduction targets a decade ahead of target,” it said in a report.
By March 2019, IEEFA said India’s thermal power capacity would be 226 gigawatt (GW) or 63 per cent of India’s total of 360 GW. Read More