Climate Change Negotiations – UNFCCC, COP, Other Conventions and Protocols

India praised for climate change initiatives

Implementation of renewable energy targets, set as part of the Paris Agreement by countries like India and China, can drastically shift global markets

  1. The ambitious goals set by India on solar energy is driven by economic development of the country
  2. India’s solar power capacity target for 2030 has increased from 20 GW to 175 GW
  3. The US has only about 25 GW of solar capacity
  4. At the same time as investment in renewables is surging, demand for high-polluting fuels such as coal is stalling globally
  5. Even declining in fast-growing economies like India, where imports dropped by 34% in 2015

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