“When I told this to the world, it expressed surprise and wondered if India can achieve it,” Prime Minister Modi said.
India has set a target of reducing the carbon footprint by 30 to 35 per cent, Prime Minister Narendra Modi said today while addressing the convocation ceremony of Pandit Deendayal Petroleum University (PDPU) in Gujarat’s Gandhinagar through video conference.
“Today, our country is moving ahead with the target of reducing the carbon footprint by 30 to 35 per cent. When I told this to the world, it expressed surprise and wondered if India can achieve it,” PM Modi said.
“Efforts are on to increase the use of natural gas capacity four times during this decade, and work is also on to nearly double the oil refining capacity in the next five years,” he added.
Work is constantly going on to strengthen the start-ups in the energy sector, and a special fund has been allocated for the purpose, the prime minister added.
“If you have any idea, product or a concept that you want to incubate, then this fund will be a good opportunity for you, and a gift from the government,” PM Modi said.
“In the oil and gas sector alone, crores of rupees are going to be invested during this decade, so you have a lot of opportunities in this field,” he further added.
According to a recent report, India is the only “2°C compatible” country in the G20.
According to the report, India was the only one in the group on track to meet emissions targets set in 2009. If all countries kept their emissions within this range, global warming would remain at a 2°C. It wouldn’t, however, allow the planet to stay below the “safe” 1.5 °C Paris Agreement target.