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What is COP26? What has India pledged in this conference?

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COP26 is the 26th Climate change conference which will be attended by the countries that signed the United Nations framework conventions on Climate change (UNFCCC). This summit is held in Scottish Event Campus, Glasgow, Scotland. It started on 31st Oct 2021 and will end on 12th Nov 2021. India pledge 5 promises in this COP26 Summit regarding climate change. Let’s see those 5 points.

What did India pledge in COP26 (Climate change)?

  • Increase non-fossil energy capacity to 500 GW by 2030
  • 50% of the energy will come from renewable sources by 2030
  • 1 billion tons of carbon emission will be reduced by 2030
  • India will decrease economic carbon intensity to below 45% by 2030
  • And net zero emission by 2070

What are the challenges in achieving this

  • First, we do not have the tech to build a large scale of renewable energy infrastructure
  • We need to borrow from developed nations. This is stated by our Prime minister at this summit. He expects climate finance of $1 Trillion from developed nations
  • While switching to renewable we can face a lot of price hikes in energy consumption.
  • I am saying this because we know our government directly impacts a common man’s life by increasing taxes. We see this when our economy is down due to this pandemic and the prices of fuel and oils are at an all-time high, even if the crude oil is less.
  • I know and I talk about this every time, any new tech or energy switch will be expensive. And as human beings I accept all the challenges if the implementation of green energy is carried out as intended.

What’s positive for India?

  • Our per capita emission is quite low when compared to other developing and developed nations
  • India emits 2.47 Tco2e/per capita when compared to the global average of 6.45 tco2/per capita
  • We get almost 38% (136 GW out of 373 GW) of energy from renewable sources
  • And we have a good potential to learn from countries like the US, China and do not repeat the mistakes they did
  • This positive will help achieve the goals mentioned at COP26

Conclusion

  • I hope what India pledge in COP26 is implemented correctly
  • We are really at a high time where we need to implement rather than talk about it.
  • Climate change is real and we need to act now
  • We as an individual, governments and companies all need to come together and implement and reduce emissions

I am composing a detailed article on what is the role of individuals, government and companies when it comes to climate change. I will also discuss solutions in that article. So stick around and subscribe for that update.

Here is the Climate change article, as promised. Read and let us know your thoughts in the comments.

About Post Author

Girish

Hello Guys I am a website developer by profession but is always keen on learning new things. I have been investing in Mutual funds, stock market for the past few years because of which I have gained good knowledge. I started my entrepreneur journey in 2019 which lead me to learn more things as I am moving forward. I always love to share whatever I learn. Always had a craze for cars from my childhood, which inspired me to start this website.
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Girish

Hello Guys I am a website developer by profession but is always keen on learning new things. I have been investing in Mutual funds, stock market for the past few years because of which I have gained good knowledge. I started my entrepreneur journey in 2019 which lead me to learn more things as I am moving forward. I always love to share whatever I learn. Always had a craze for cars from my childhood, which inspired me to start this website.

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