India will overachieve Paris pact targets by 60%: IEEFA


India will overachieve Paris pact targets by 60%: IEEFA

India would significantly exceed its 2015 Paris Agreement target of a 40 per cent share of installed power capacity from non-fossil fuel sources by 2030, the US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Friday.

Based on India’s Central Electricity Authority (CEA) projections, instead of 40 per cent, India will have 63 per cent of installed capacity from non-fossil fuel sources by 2029-30.

And this amounts to 60 per cent more than what India had committed to achieve under the 2015 Paris Agreement on Climate Change, said IEEFA.

India is making huge strides, with 13GW of solar projects tendered in June alone, it said. IEEFA’s statement is based on a report released by the CEA earlier this month. Read More

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