New Delhi: international energy forum The world’s largest energy organization (IEF) with 71 member countries lauded India on Thursday for announcing a target to reach net zero emissions by 2070.
India, a member of the IEF, aims to increase non-fossil energy to 500 gigawatts (GW), supply 50 percent of its energy needs from renewable sources, reduce CO2 emissions by a billion tons, and reduce carbon footprint. Cuts intensity by 45 percent.
IEF Secretary General Joseph McMonigal commends India for making the announcement net zero target COP26. Feather United Nations Climate Change Conference In the UK, the agency said in a statement.
Prime minister Narendra Modi He told the delegates at the conference in Glasgow that India will reach the target of Net Zero by 2070.
“I commend Prime Minister Narendra Modi for presenting the ambitious net zero target and renewable energy targets at the COP26 conference,” McMonigal said.
He said he looks forward to working with India’s energy ministers to support the country’s policies and plans to achieve the goals.
At COP26, Modi reiterated his stance that the industrialized world should support developing countries by raising more funds to accelerate the transition to clean energy.
“It is India’s expectation that the developed countries of the world provide $1 trillion in climate finance at the earliest,” he said.
IEF member countries account for 90 percent of the global energy market.
The IEF is the global home of energy dialogue promoting energy security, market stability and transparency in the transition to a sustainable and inclusive future.
India, a member of the IEF, aims to increase non-fossil energy to 500 gigawatts (GW), supply 50 percent of its energy needs from renewable sources, reduce CO2 emissions by a billion tons, and reduce carbon footprint. Cuts intensity by 45 percent.
IEF Secretary General Joseph McMonigal commends India for making the announcement net zero target COP26. Feather United Nations Climate Change Conference In the UK, the agency said in a statement.
Prime minister Narendra Modi He told the delegates at the conference in Glasgow that India will reach the target of Net Zero by 2070.
“I commend Prime Minister Narendra Modi for presenting the ambitious net zero target and renewable energy targets at the COP26 conference,” McMonigal said.
He said he looks forward to working with India’s energy ministers to support the country’s policies and plans to achieve the goals.
At COP26, Modi reiterated his stance that the industrialized world should support developing countries by raising more funds to accelerate the transition to clean energy.
“It is India’s expectation that the developed countries of the world provide $1 trillion in climate finance at the earliest,” he said.
IEF member countries account for 90 percent of the global energy market.
The IEF is the global home of energy dialogue promoting energy security, market stability and transparency in the transition to a sustainable and inclusive future.
.