The United Nations Framework Convention on Climate Change (UNFCCC) and its Paris Agreement does not subscribe to financial year wise reporting. India subscribes to its updated Nationally Determined Contributions (NDC), submitted in 2022, as per the Paris Agreement under the UNFCCC.

As per India’s 4^th Biennial Update Report (BUR-4) submitted to the UNFCCC on 30^th December, 2024, between 2005 and 2020, India’s emission intensity of Gross Domestic Product (GDP) reduced by 36% as against the NDC target of 45% to be achieved by 2030. Regarding status on achievement of target under NDC related to the share of non-fossil fuel-based sources, the share in India’s total installed electricity generation capacity is 47.10% in December 2024 as against the target of 50% to be achieved by 2030. As compared to the base year of 2005, India has reached 2.29 billion tonnes of additional carbon sink as against the target of 2.5 to 3.0 billion tonnes by 2030 through additional forest and tree cover.

The Government of India amended the Energy Conservation Act, 2001 (52 of 2001) in the year 2022 to facilitate the development of carbon market in the country. Subsequently under the act, the Government has notified the Carbon Credit Trading Scheme (CCTS) vide notification S.O. 2825(E), dated 28th June 2023 and amendment notification S.O. 5369(E), dated 19^th December 2023.

The CCTS provides for two mechanisms namely, compliance mechanism and offset mechanism. In the compliance mechanism, the obligated entities are required to comply with the prescribed GHG emission intensity reduction norms in each compliance cycle of CCTS. The obligated entities which reduce their GHG emission intensity below the prescribed GHG emission intensity are eligible for issuance of Carbon Credit Certificates. ln the offset mechanism, the non-obligated entities can register their projects for GHG emission reduction or removal or avoidance for issuance of Carbon Credit Certificates.

The Government of India has also developed a plan to smoothly shift energy-intensive sectors and Designated Consumers (DCs) from the Perform, Achieve, and Trade (PAT) Scheme to the compliance mechanism under the CCTS. This plan ensures continuity, consistency, and alignment with national climate goals while avoiding duplication of targets. To initiate the transition, the Government has identified nine energy-intensive sectors for inclusion under compliance mechanism of the CCTS, namely, Aluminium, Cement, Steel, Paper, Chlor-Alkali, Fertiliser, Refinery, Petrochemical, and Textile. Under the offset mechanism, ten sectors have been approved, which include energy, industries, waste handling & disposal, agriculture, forestry, transport, construction, fugitive emissions, solvent use and Carbon Capture Utilisation and Storage.

The Government has also notified the National Designated Authority for the Implementation of Article 6 of the Paris Agreement (NDAIAPA), vide Gazette Notification, dated 30^th May, 2022. The Authority has updated and finalized the list of 14 activities under Green House Gas (GHG) mitigation activities, alternate materials, and removal activities, which are eligible for trading of international carbon credits under bilateral/ cooperative approaches, under Article 6.2 and Article 6.4 of the Paris Agreement.

The Government collaborates with other countries in the field of Renewable Energy sector and mitigating the environment degradation through mechanisms such as Memorandums of Understanding, Letters of Intent, Joint Declarations of Intent, Energy Dialogues and Partnerships.

The United Nations Environment Assembly (UNEA), at its Sixth Session held in Nairobi, Kenya, on 1^st March, 2024, unanimously adopted the resolution on sustainable lifestyles. The resolution based on the precepts of Mission LiFE was moved by India and co- sponsored by Sri Lanka and Bolivia and is a significant step forward in the globalisation of the concept of Mission LiFE or Lifestyle for Environment (LiFE).

India hosted the 3^rd Voice of Global South Summit on 17^th August, 2024 with the overarching theme "An Empowered Global South for a Sustainable Future”. In the Environment Ministers’ Session, 18 countries and 1 bank from Global South participated. India emphasized the importance of encouraging sustainable consumption and production patterns, promoting sustainable lifestyles, reducing waste, and fostering a culture of conservation and respect for natural resources. The deliberations highlighted the call for climate justice and developing countries’ demand for climate finance, technology transfer and capacity building.

Presently, India has cross border interconnections with Nepal, Bhutan, Bangladesh and Myanmar. An Agreement between India and Bhutan concerning Cooperation in the field of Hydroelectric Power was signed on 28^th July, 2006. India and Nepal signed an agreement on 04.01.2024 which will facilitate export of 10,000 MW of electricity from Nepal to India in the next 10 years.

This information was provided by UNION MINISTER OF STATE FOR ENVIRONMENT, FOREST AND CLIMATE CHANGE, SHRI KIRTI VARDHAN SINGH, in a written reply to a question in Lok Sabha today.

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VM

(Lok Sabha US Q134)