The Economic Survey 2017-18 which tabled in Parliament, notes that India’ s commitment to climate change reflected in a number of actions with the support of Sustainable Development Goals while retaining reliance on cleaner energy, including cleaner, greener coal.
The survey states that India has strengthened its response to the threat of climate change in accordance with the principles of equity and Common But Differentiated Responsibilities and in the light of national circumstances with the “Paris Pledge” to reduce the emission intensity of GDP by 33-35 percent over 2005 levels by the year 2030.According to the survey Urban Local Bodies generate resources through financial instruments such as municipal bonds, PPPs and credit risk guarantees.
On the part of sustainable development, India’s urban population is projected to grow about 600 million by 2031 and access to sustainable, modern and affordable energy is the basis of achieving Sustainable Development Goals. Stating that as on 30th November 2017, the share of renewable energy sources was 18 percent in the total installed capacity of electricity in the country and that the increasing share of renewable has trebled in the last 10 years. Establishment of 8 Global Technology Watch Groups, extending Climate Change Action Programme launched in 2014 for the period 2017-18 to 2019-20 with a budget outlay of Rs. 132.4 crore and continuation of National Adaption Fund on Climate Change till 31st March 2020 with financial implication of Rs. 364 crore is mentioned in the survey to outline Indias commitment to address climate change.
