Reach net-zero emissions sooner, aim for net-negative: India to developed nations, Pg8.

Key Highlights:

• India urged developed nations to achieve net-zero emissions sooner and aim for net-negative emissions at the Leaders’ Summit in Belem, Brazil.
• India announced support as an observer for Brazil’s new Tropical Forests Forever Facility.
• India has reduced its emissions intensity of GDP by 36% between 2005 and 2020.
• India's non-fossil power installed capacity accounts for over 50% of its total installed capacity.
• India's forest and tree cover has increased to 25.17% of its total geographical area.
• India is the world’s third-largest producer of renewable energy, with around 200 GW.

Detailed Insights:

• India emphasized that developed countries, having disproportionately used the global carbon budget, need to accelerate emission reductions and provide adequate support to developing nations.
• The global target for achieving net-zero status is 2050, with developed nations setting deadlines between 2040 and 2050, while China aims for 2060, and India for 2070.
• India has met its climate targets ahead of schedule, reducing emissions intensity and increasing non-fossil power capacity.
• India reaffirmed its commitment to multilateralism and the Paris Agreement, expressing readiness to collaborate with all nations for sustainable solutions.
• The Paris Agreement is an international treaty on climate change, adopted in 2015, aiming to limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels.

Key Concepts Involved:

• Net-Zero Emissions: Balancing the amount of greenhouse gases released into the atmosphere with the amount removed.
• Net-Negative Emissions: Removing more greenhouse gases from the atmosphere than is emitted.
• Emissions Intensity of GDP: The amount of emissions produced per unit of gross domestic product.
• Multilateralism: The principle of resolving issues through international collaboration and cooperation.