INDC Current Affairs - 2020

What is Greenco Rating System followed in India?

On March 19, 2020, the Ministry of Railways presented the details of Greenco System in the country in Lok Sabha. As on 2018, 42 Railway Production units have implemented Greenco Rating.

What is GreenCo?

The assessment of major workshops and production units in various industries based on their ecological sustainability. The assessment helps the comapnies in resource conservation and reduction. It also helps to track the environmental impact caused by the infrastructural projects undertaken

Greenco Certification

The Greenco Certification or rating is provided by the Confederation of Indian Industry (CII). The factors considered while providing the certification is greenhouse gas mitigation; zero waste; recycling and material conservation; world class energy efficiency and toxicity reduction.

The CII is to conduct Greenco Summit in June 16, 17 and 18, 2020. The summit will discuss green concepts and technologies. It will also aim at promoting sustainable models.

INDC of UNFCCC

The Greenco rating was acknowledged in the INDC (Intended Nationally Determined Contributions) submitted by India to United Nations Framework Convention on Climate Change (UNFCCC) in 2015.

The INDC are the commitments made by the countries on climate actions to be taken after 2020.

India’s major INDCs
  • To reduce emissions by 33% to 35% by 2030 as compared to 2005
  • To create carbon sink of 3 billion tonnes of Carbon Dioxide. A carbon sink is a natural reservoir that absorbs carbon and lowers concentration of carbon dioxide. It mainly includes vegetation and ocean.

IEA Report on Co2 Emissions

The International Energy Agency (IEA) report on Carbon dioxide emissions makes the following observations:

  • India emitted 2,299 million tonnes of carbon dioxide in 2018. India’s emissions carbon dioxide witnessed an increase of 4.8% rise from last year.
  • The rate of growth of carbon dioxide emission in India was higher than that of the United States and China which are the two biggest emitters in the world. This increase in the emission of carbon dioxide was attributed to coal consumption.
  • China, the United States, and India accounted for nearly 70% of the rise in energy demand.
  • India’s per capita emissions were about 40% of the global average and contributed 7% to the global carbon dioxide burden whereas the largest emitter the United States was responsible for 14%.
  • Under the INDC India has pledged to reduce the emissions intensity of its economy by 2030. But India’s energy intensity improvement declined 3% from last year even as its renewable energy installations increased 10.6% from last year.

As per estimates, India requires at least $2.5 trillion (Rs 150 trillion approx.) to implement its climate pledge which is around 71% of the combined required spending for all developing countries pledges.