USD 2.5 tn required for climate change actions

Around USD 2.5 trillion will be required for meeting India's climate change actions in the next 15 years to be met from domestic sources and leveraging of financial commitments made by developed countries, Environment Minister Prakash Javadekar informed Lok Sabha today.
"About USD 2.5 trillion dollars will be required for meeting India's climate change actions between now and 2030, that is over a period of 15 years which shall be met from domestic sources as well as leveraging of financial commitments made by developed countries to mobilise 100 billion US dollar a year by 2020 for climate change," the Minister said.

He said that India's Intended Nationally Determined Contributions submitted to United Nations Framework Convention on Climate Change (UNFCCC) includes reducing emission intensity of Gross Domestic Product by 33.35 per cent by 2030 from 2005, increase the share of non-fossil fuel-based electricity to 40 per cent of electric power installed capacity by 2030, enhancing carbon sink (forests), adaptation, mobilizing finance, technology transfer and capacity building.
Highlighting the impacts of Climate Change, he said that India's Second National Communication submitted to the UNFCCC in 2012 has provided observed impacts, projections on future climate scenarios and likely adverse impacts of climate change on water resources, agriculture, forests, natural eco-system, coastal zones, health, energy and infrastructure.

"The report projects a variable rate of change in agriculture production including losses in some crops, whereas Net Primary Productivity is likely to increase by an average of 30.3 per cent by 2035, and 56.2 per cent by 2085.
"Increase in temperature is also likely to cause severe drought and flood problems. As far as health sector is concerned, malaria is projected to spread in new areas and threats of transmission are likely to increase," he said.