Union minister of state for Environment, Forest and Climate Change Prakash Javadekar on Wednesday said India was committed to cutting down emission of greenhouse gases up to 35 percent by 2030.

“India has submitted its INDCs which envisages reduction of carbon intensity of its GDP by 33 to 35 percent from 2005 levels by 2030,”  the minister said in reply to a question in the Lok Sabha by Rajan Vichare of Shiv Sena and Gutha Sukender Reddy of Congress.

“INCDs submitted by India envisages that about 40 percent of its cumulative electric power installed capacity shall come from non-fossil fuel based energy sources by 2030. The target will be achieved with the help of transfer of technologies and low-cost international finance including the Green Climate Fund (GCF),” he added.

India is a party to the United Nations Framework Convention on Climate Change (Unfccc). All parties to Unfcc have been requested to submit their Intended Nationally Determined Contributions (INDCs) towards addressing climate change.

It will cost $2.5 trillion:

Javadekar also made it clear that India’s climate action plan over next 15 years will cost around $2.5 trillion and developed countries will help in generating such a mammoth capital.

“About USD 2.5 trillion will be required for meeting India’s climate change actions between now and 2030, that is over a period of 15 years which shall be met from domestic sources as well as leveraging of financial commitments made by developed countries to mobilise 100 billion US dollars a year by 2020 for climate change,” he said.