At the COP26 climate summit on Monday, Prime Minister Narendra Modi announced 2070 as the target for India to reach net zero carbon emissions. India’s announcement came as a surprise to delegates at the climate talks in Glasgow, as it had rejected calls to announce such a target only last week. Environment secretary RP Gupta had argued that it was more important for the world to lay out a pathway to reduce emissions than just achieving carbon neutrality. A net-zero target refers to the date by which point a country will only emit carbon dioxide or other greenhouse gases that can be absorbed by forests, crops, soil and developing technologies like carbon capture technology.
At the COP26 climate summit on Monday, Prime Minister Narendra Modi announced 2070 as the target for India to reach net zero carbon emissions. India’s announcement came as a surprise to delegates at the climate talks in Glasgow, as it had rejected calls to announce such a target only last week. Environment secretary RP Gupta had argued that it was more important for the world to lay out a pathway to reduce emissions than just achieving carbon neutrality. A net-zero target refers to the date by which point a country will only emit carbon dioxide or other greenhouse gases that can be absorbed by forests, crops, soil and developing technologies like carbon capture technology.
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COP26 Summit: Economic Implications of India's emission-reduction targets
At the COP26, PM Narendra Modi set forth a five-pronged target for India and its commitment to Net-Zero emissions by 2070. What does this mean for the Indian economy and what will be the challenges?
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