Green Credit Programme | A Step Towards India's Commitment To Climate Change

In the past, India had ratified the United Nations Framework Convention on Climate Change, 1992 ("UNFCCC") with an aim to stabilise the greenhouse gas emissions. Guided by the principles of Equity and Common but Differentiated Responsibilities and Respective Capability ('CBDR-RC') stipulated under the UNFCCC and Paris Agreement, India made the following commitments at the 25^th edition of the Conference of Parties ("COP") held at Madrid, Spain: (a) reduce the emission intensity of its greenhouse gas emissions by 33%-35% over 2005 levels by 2030; (b) generate 40% of its installed power capacity from non-fossil sources by 2030; (iii) additional carbon sink equivalent to 2.5-3 billion tonnes of carbon di-oxide through forest and tree cover by 2030.