Continued coal development is an essential reserve in India`s prospects. The 1.5 degree Celsius Paris agreement means India must exit coal in the energy sector by 2040. In 2018, the National Electricity Plan (NEP) included more than 90 GW of planned coal-fired power plants, which would unnecessarily increase emissions and risk becoming failed assets. Abandoning these plans is more than feasible if recent developments are seen as a 50% reduction in the cost of solar electricity in just two years and several supply plans for the construction of coal-fired power plants. India`s last key promise in Paris was the creation of an additional carbon sink that would account for 2.5 to 3 billion tonnes of CO2 by 2030 through additional cover of forests and trees. Analysts agreed that progress on forest targets was far from solid. The NRDC publishes with our partners – the Staff College of India Administration (ASCI), the Council on Energy, Environment and Water (CEEW), Indian Institute of Public Health – Gandhinagar (IIPH-G), the Self Employed Women`s Association (SEWA) and the Energy and Resources Institute (TERI) an annual report on India`s progress towards its climate promise. India`s third commitment to carbon dioxide is to create an additional carbon sink of 2.5 to 3 billion tonnes of carbon dioxide equivalent by 2030 by adding forest cover and tree cover. However, progress has been limited and the country still has more to do to achieve this goal. It is difficult to assess progress towards this goal: official emissions data provided by India to the UNFCCC are only available until 2014.
In addition, data are only available for selected years (1994, 2000, 2007, 2010 and 2014), excluding the base year 2005. In December 2015, representatives of 196 states parties to the United Nations Framework Convention on Climate Change met to reach a policy agreement to combat climate change and accelerate and intensify the measures and investments needed for a sustainable, low-carbon future. Soon after, it should become the Paris Agreement – a massive global effort to contain the climate and its effects. In total, some 188 contracting parties are currently parties to the agreement. However, with the interim target of 175 GW of non-renewable energy by 2022, the government`s plans appear to be faltering. Given that the agreement took about five years, the reports indicate that many countries are terribly prepared to achieve the targets set. Well, to be fair, this has also been hampered by the persistence of the COVID 19 pandemic. As many have noted, the stimulus plans announced to combat the deadly virus support the fossil fuel industry in many cases.