100 billion USD

Need 100 billion USD for ''mitigation and adaptation'': PM Modi

Highlighting the targets that India has set for itself in regard for a safer planet, Prime Minister Narendra Modi on Tuesday announced a 35 per cent cut in emissions by 2030 while putting the onus on developed countries to mobilize 100 billion US dollars annually by 2020 for `mitigation and adaptation`."By 2030 we will reduce emissions by 35% of 2005 levels, & 40% of our installed capacity will be from non fossil fuels. We will achieve it by expanding renewable energy, for example by adding 175 gigawatts of renewable energy capacity by 2022. We are reducing dependence on fossil fuels through levies & reduction in subsidies, switching sources where possible," the Prime Minster said at the Climate Change Conference (COP21)

Dec 01, 2015, 01:41 AM IST