IMF Welcomes India's COP26 Announcement To Reduce Carbon Intensity
NDTV
Gerry Rice, Director, Communication Department at the IMF, said India's actions may help catalyse action in other emerging economies
International Monetary Fund (IMF) has welcomed India's announcement at the COP26 summit on new targets to increase reliance on renewables and reduce the carbon intensity of its economy, including to adopt a net zero target by 2070.
Gerry Rice, Director, Communication Department at the IMF, said India's actions may help catalyse action in other emerging economies as well in addressing the climate change challenges.
"We welcome India's announcement at the COP26 of new targets to increase reliance on renewables and reduce the carbon intensity of its economy, including to adopt a net zero target by 2070," Mr Rice told reporters at a news conference on Thursday.
"As you know, India is currently one of the world's largest emitters, still heavily reliant on coal for electricity generation. India's significant investment in renewables and climate change adaptation policies suggest it is well positioned to take further steps to reach this new target," Mr Rice said responding to a question.
