India on track to exceed key 2030 climate target: Analysis
Vaibhav Chaturvedi, Senior Fellow, CEEW, said, 'Since the Paris Agreement, India has demonstrated climate leadership on several fronts. It has also proven that growth and emissions reduction can happen together.
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NDTV
12 hours ago
- NDTV
Maruti Suzuki To Invest Rs 925 Crore In Solar Power, Targets 319 MWp By FY'31
Maruti Suzuki has now announced that it is set to enhance the usage of renewable energy in its operations. Maruti Suzuki India Limited has now geared up for the expansion of its solar capacity by 30MWp with two new projects. The Company commissioned a 20MWp solar power project at its new facility in Kharkhoda, Haryana, and added another 10MWp solar capacity to its Manesar facility. With these additions, MSIL's total solar capacity across its locations has increased from 49MWp to 79MWp in the last one year. Besides, the company is also increasing the share of green power sourced from the State Electricity Boards for its consumption. The brand says that these initiatives in solar power and green power will help the company meaningfully shift its dependence toward renewable energy. With this significant step of solar capacity expansion, the Company has reaffirmed its commitment to sustainability and environmental stewardship. These initiatives are aligned with United Nations Sustainable Development Goal #7. Speaking on the Company's green energy initiatives, Mr. Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Limited, said, "Aligned with our parent company, Suzuki Motor Corporation's Environment Vision 2050i and the Government of India's focus on renewable energy, we are systematically enhancing the use of renewable energy in our operations. By FY2030- 31, Maruti Suzuki plans to reach 319MWp of solar capacity, backed by an investment of over Rs 925 crore. As we scale up production to four million units, we are committed to matching that growth with equally ambitious sustainable energy practices. This solar power expansion is a crucial step towards creating a cleaner, more sustainable energy ecosystem and contributes positively to the environment." He added, "Through sustained efforts, the share of renewable sources of energy in total electricity consumption is expected to reach nearly 85% by FY2030- 31. This project by Maruti Suzuki is also going to contribute parts to India's commitment to the Paris Agreement. The sustainable development commitment by the nation aims at achieving 500 GW of non-fossil fuel capacity by 2030.
Hindustan Times
2 days ago
- Hindustan Times
India calls for more climate contributions ahead of key meet
India has put forth its expectations on the ideal 'Baku To Belem Roadmap to 1.3T' ahead of the Bonn Climate Meeting which begins on June 16, stating that without sufficient climate finance, even proposed nationally determined contributions will not materialise, leave alone any ambitious future NDCs. In a succinct and strongly worded submission to the UN climate body, United Nations Framework Convention on Climate Change (UNFCCC) on May 27, India has said climate finance should flow from developed countries to developing countries and that public capital should be used strategically to crowd in private investments for climate action, pointing out that excessive borrowing poses risks to a country's fiscal stability. It added that the roadmap should support meaningful translation of developing country NDCs to concrete actions. 'At the outset, India expresses concern with the substantial gaps remaining between the current annual quantum provided under the New Collective Quantified Goal (NCQG) on Climate Finance and the financing needs currently identified by developing countries for their 2030 NDC commitments,' India flagged in its submission. 'Without sufficient climate finance, even the proposed NDCs would not fructify, leave alone any enhanced level of ambition in future NDCs. The NCQG outcome of COP 29 was adopted despite India's objection and signals the unwillingness and failure of developed countries to fulfil their responsibilities under the Convention and its Paris Agreement. The 'Baku to Belém Roadmap to 1.3T' is an opportunity to put the financial discussion on the right track in accordance with Article 9.1 of Paris Agreement,' India added. Article 9.1 of the Paris Agreement states 'Developed country Parties shall provide financial resources to assist developing country Parties with respect to both mitigation and adaptation in continuation of their existing obligations under the Convention.' HT reported on November 25 last year that the COP29 climate talks in Baku ended in unprecedented acrimony as India led a fierce pushback against what it called a 'stage-managed' climate finance deal, moments after the Azerbaijan Presidency hastily gavelled through a contentious proposal. India was the first to reject the decision for not reflecting the priorities of the Global South — a dismissal endorsed by many other countries. Baku was expected to see progress on NCQG, basically a new commitment on climate funding by developed countries. The NCQG text set a climate finance goal of 'at least $300 billion per year by 2035' and launched the 'Baku to Belém Roadmap to 1.3T.' COP 30 is scheduled for later this year at Belem, Brazil, and the understanding at Baku was that countries would use the year between the two conferences to arrive at a roadmap for climate funding goal of $1.3 trillion. However, India identified specific problems that could fundamentally alter climate finance obligations: 'As we struggle to deal with climate change, the outcome proposed in the paper will further affect our ability to adapt to climate change, greatly impact our NDC ambition, and its implementation... will severely affect our growth,' Chandni Raina, the negotiator from India and a finance ministry advisor said then, emphasising that 'the amount proposed to be mobilised is abysmally poor, it is a paltry sum and it will not enable climate action.' She specifically highlighted three problematic paragraphs in the Baku declaration: Allowing finance from 'a wide variety of sources, public and private, bilateral and multilateral ; recognising climate finance mobilised through multilateral development banks and ; and encouraging developing country contributions through South-South cooperation. The NCQG text had decided that the roadmap will be joint initiative of the Presidencies and not a negotiated outcome. India said in its latest submission that it should be seen that this is indeed not a negotiated outcome among parties. Further action should be country led, India stressed. 'The roadmap must be based on approaches that duly recognise the country-led nature of climate action. In the context of developing countries, achieving sustained growth depends on fostering a 'virtuous cycle' of domestic savings and productive investment. There is a well-established link between the Human Development Index (HDI) and per capita energy consumption,' India's submission added. Global tax levies and specific sector approaches must be excluded, the submission went on to say. These not only lack international consensus but also run counter to the principles of equity and CBDR-RC and the bottom-up, nationally determined nature of climate action. The financial commitments of developed nations should reflect their historical responsibilities in their contribution to global cumulative GHG emissions. In 1992, at the 1992 United Nations Conference on Environment and Development (UNCED) in Rio de Janeiro, Brazil, the CBDR-RC was officially enshrined in the UNFCCC treaty on Climate Change. Article 3 paragraph 1 of the UNFCCC said: 'The Parties should protect the climate system for the benefit of present and future generations of humankind, on the basis of equity and in accordance with their common but differentiated responsibilities and respective capabilities. Accordingly, the developed country Parties should take the lead in combating climate change and the adverse effects thereof' . Further, overleveraging for climate initiatives through excessive borrowing poses risks to the country's fiscal stability, India said in its submission. Finally, India has said the roadmap should convey the right signals and messages for urgent climate actions enabled by scaling up climate finance to developing countries effectively. 'In an atmosphere of aid cuts and reducing international cooperation, there are few hooks remaining to hold developed countries accountable for what they owe and committed to. Reinforcing their duty to provide finance to developing countries is a demand that the Global South must not give up on,' said Avantika Goswami, Programme Manager, Climate Change Centre for Science and Environment.
Time of India
4 days ago
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France says it has common ground with China on environment
France says it has common ground with China on environment (Photo: AFP) France and China have found "points of convergence" on the environment, french minister for ecological transition Agnes Pannier-Runacher said Friday at the end of a visit to Beijing. Her trip came ahead of the UN Ocean Conference (UNOC), which is due to start in Nice on June 9, and the COP30 climate summit in Brazil in November. After the United States again withdrew from the landmark Paris climate agreement once President Donald Trump returned to office in January, France has advocated for the European Union and China to form a united front on environment and climate. "Points of convergence were clearly felt," Pannier-Runacher told AFP after holding meetings with multiple Chinese officials, including environment minister Huang Runqiu and natural resources minister Guan Zhi'ou. "Commitment to the Paris Agreement " and "multilateralism" were two such points, she said. Pannier-Runacher said she was hoping for a joint-statement ahead of the COP30 summit to help give momentum to negotiations. "At a time when science is doubted by some, when the impact of climate deregulation on our lives is contested (...) it is important for the European Union and China to assume their responsibilities," she said. Huang told Pannier-Runacher that China would "keep observing the objectives set by the Paris accord and work with all parties to promote positive results" at the COP30 summit, a statement issued by his ministry said. China is the world's top emitter of greenhouse gases, but has embraced renewable energy sources, electric vehicles and is working to reduce carbon emissions. It plans to peak carbon emissions by 2030 and reach net zero by 2060, and some analysts have speculated that slowing growth and rapid renewable installations mean emissions have already levelled off. Emissions indeed fell in the first quarter of 2025, an independent think tank said earlier this month. Pannier-Runacher hailed China's "dynamism," saying all could learn from its "quickness" on adopting renewable energy technologies . The french minister also said China was a leader in those technologies, and expressed hope it would invest in France and other European countries to create jobs.
