&w=3840&q=100)
India to exceed 2030 climate target with up to 57% cut in emissions: Report
The emissions modelling analysis by Delhi-based think-tank Council on Energy, Environment and Water (CEEW) and Alliance for an Energy Efficient Economy (AEEE), an NGO, projected that India's energy sector emission intensity could decrease by 48-57 per cent by 2030 as compared to 2005 levels.
However, achieving the 2070 net zero target (balancing emissions with removals) will require additional policy interventions, centred around carbon pricing, along with power pricing reforms, fiscal support for clean technologies, enhanced energy efficiency and behaviour change initiatives.
The findings, published this week in the international journal Energy and Climate Change', suggest that India's 2035 NDC targets could include reducing emissions intensity of GDP between 55 and 66 per cent relative to 2005 (with most scenarios indicating a 56 per cent reduction) and increasing the non-fossil fuel share in installed power capacity to 60-68 per cent.
As per its updated Nationally Determined Contributions (NDCs) or national climate plans submitted to the UNFCCC in August 2022, India aims to reduce emissions intensity of its GDP by 45 per cent from the 2005 level and achieve 50 per cent cumulative electric installed capacity from non-fossil fuel-based energy resources by 2030.
Countries are required to submit their next round of national climate plans for the 2031-2035 period this year. With most countries, including India, missing the February 10 deadline, UN climate change chief Simon Stiell has urged them to submit their plans by September at the latest.
India has not yet finalised its new NDCs.
Vaibhav Chaturvedi, Senior Fellow, CEEW, said, Since the Paris Agreement, India has demonstrated climate leadership on several fronts. It has also proven that growth and emissions reduction can happen together.
This paper reaffirms that with decisive reforms -- across electricity pricing, industrial planning, nuclear electricity, lifestyle change and urban mobility -- India can significantly bend its emissions curve towards net zero." He said India's 2035 NDC must reflect not only enhanced ambition but also economic realism, supported by analytical assessments.
A well-calibrated strategy should include an economy-wide emissions intensity target, sector-specific carbon budgets and a push for low-carbon technologies and clean manufacturing, Chaturvedi said.
Satish Kumar, President and Executive Director, AEEE, said, By integrating key energy efficiency parameters as endogenous variables in the underlying climate model, our paper breaks new ground in capturing the real-world potential of demand-side interventions. This approach makes the model more robust and reflective of India's development realities.
The CEEW-AEEE analysis found that a high-growth scenario aligned with the Viksit Bharat' vision would lead to 63 per cent higher absolute emissions by 2070, compared to the business-as-usual (BAU) scenario.
However, the emissions intensity of GDP would still fall by 3 per cent relative to BAU, due to greater adoption of efficient technologies and deeper integration of renewables in India's energy mix, it said.
This reduction could be even higher if the Indian industries prioritise electricity-driven, low-emission manufacturing sectors, such as semiconductors.
Behavioural and lifestyle changes -- such as reduced private vehicle use, adoption of energy-efficient appliances and optimised residential energy use (modelled under India's Mission LiFE framework) -- could deliver up to 10 per cent emissions reductions by 2050 relative to BAU, as well as reduce the pressure on land resources.
Policies that mandate energy-efficient products and prioritise their procurement could deliver substantial gains at relatively low costs.
The CEEW-AEEE analysis also found that lower tariffs for industrial and commercial users could accelerate electrification and boost clean energy uptake.
Higher residential tariffs, on the other hand, could make rooftop solar more attractive, provided low-income households continue receiving targeted support.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


NDTV
12 minutes ago
- NDTV
''Rs 18,000 Per Month For 30-Minute Work'': Mumbai Cook's Eye-Opening Earnings Stuns Internet
A Mumbai-based lawyer's post about her cook's fee of Rs 18,000 per household for just 30 minutes of work has sparked a conversation online. In her post, Ayushi Doshi shared that her cook, or 'maharaj' as she called him, works at 10-12 houses every day in the same complex, usually spending around 30 minutes at each, depending on the family size. He hardly spends time commuting, gets free food and tea everywhere, gets paid on time and can also leave anytime without saying goodbye or serving any notice period, she said. Comparing the life of her cook with that of a corporate employee, Mr Doshi added, "Meanwhile, I'm out here saying 'gentle reminder' with trembling hands with minimum salary." My Maharaj (Cook) •Charges ₹18k per house •Max 30 mins per house •10–12 houses daily •Free food & free chai everywhere •Gets paid on time or leaves without a goodbye 😭 Meanwhile I'm out here saying 'gentle reminder' with trembling hands with minimum salary.🙂 — Adv. Ayushi Doshi (@AyushiiDoshiii) July 29, 2025 Ms Doshi's post quickly caught the attention of social media users. Many doubted the authenticity of her claims and accused her of exaggeration. "18k for a 30 min job ? Is he using AI," one user wrote. "do you have a family of 10 people ? absolute lie......i have few friends in mumbai. many local ladies cooks delicious food and charges very lie....18k for a cook," commented another. "18k for part time cook is exaggerated. Its 4-6 k even in gurgaon," wrote a third user. "This is a hilarious and imaginative post just for engagement farming," said another. "Live in South Mumbai. Most charge between 8-10K for an hour once a day. What food is being cooked in only 30 mins ? If you spend 25K you can get someone full time who knows multiple cuisines etc," one user wrote. "30 min. ? What do you ask him to cook? Even with 30 min. per house, how do you think he'll manage to work for 10-12 houses daily?" questioned another. Addressing the criticism, Ms Doshi wrote, "Mumbai folks, back me up ! this is what good Maharajs charge in decent localities. The same cook charges Rs 2.5k a day for a family of 12 isn't overcharging, it's just how things work here. If your state still runs on Rs 5 thalis, that's great for you , but don't assume everyone else is lying." "And no, it's not "engagement farming." It's just real life experience in one of the most expensive cities in the country. If you can't relate, maybe just accept the difference in cost of living and keep scrolling instead of shouting "fake" in the comments," she added.


Time of India
12 minutes ago
- Time of India
Pricol reports 45.57 per cent rise in Q1 revenue to ₹877.66 crore
Pricol Limited , automotive technology firm , reported consolidated revenue from operations of ₹877.66 crore for the first quarter of FY26, marking a 45.57 per cent year-on-year increase compared to the same period last year. The company also reported EBITDA of ₹101.86 crore for the quarter, representing a 26.30 per cent rise year-on-year. Profit after tax (PAT) for the quarter stood at ₹49.89 crore, a growth of 9.51 per cent. Operational and partnership developments The company has signed a technology licensing agreement with Italy-based DOMINO SRL to expand its handlebar control technologies portfolio for two-wheelers across India and Southeast Asia. This includes components such as throttles, switches, and related systems. In terms of industry recognition, Pricol received a 'Special Support in Supply Chain' award from Suzuki Motorcycle India Limited at its Annual Vendor Conference 2025. This marks the fourth consecutive year the company has been recognised as a top supplier by Suzuki. Additionally, Pricol Precision Products Private Limited was awarded 'Excellence in Business Competitiveness' by Ather Energy and received a 'Supplier Excellence Recognition' award from Mann + Hummel. Vikram Mohan, Managing Director, stated, 'We have made meaningful progress this quarter by staying focused on our core strengths: operational excellence, technology integration, and market-driven solutions. We are closely monitoring the demand across key segments considering the external dynamics due to rare earth magnet shortage and we remain confident in our ability to sustain and build on this momentum. We are also excited about recent technology partnerships which will be an additional growth driver for the company.'


Mint
12 minutes ago
- Mint
Figma stock rises 250% on $1.2 billion IPO debut, largest Day 1 pop in at least 30 years
Figma Inc.'s 250% surge in its debut session is the kind of coming-out party every startup dreams of when it goes public. The finely choreographed process for the $1.2 billion IPO, culminating in a fully diluted valuation of more than $65 billion, also puts rivals on notice that Figma's ambitions are expanding. The design and collaboration software company led by Dylan Field, who started the firm in 2012 with a friend from Brown University, soared above the $20 billion mark it would have fetched had a sale to Adobe Inc. not been scrapped in 2023. Shares of the San Francisco-based firm closed at $115.50 each on Thursday in New York, more than tripling the IPO price of $33 apiece. The trading gives Figma the largest first-day pop in at least three decades for a US-traded company raising more than $1 billion, data compiled by Bloomberg show. It also makes Field one of the world's richest people. Adobe's planned acquisition of Figma, which at the time would have been the biggest-ever takeover of a private software company, was panned by the Photoshop maker's shareholders, who sent its stock down nearly 17% the day the deal was announced. Today that deal looks like a bargain. Accounting for employee stock options and restricted stock units, including RSUs for Field, the company's fully diluted value is more than triple what Adobe had agreed to pay in cash and stock. Figma may never again be so cheap, and as it battles with Adobe and Australian startup Canva Inc. to dominate the use of artificial intelligence in creative tools, the company's soaring shares may open the door to some dealmaking of its own. Investors have handsomely rewarded Figma for its rapid growth, and the IPO's bankers made sure their enthusiasm wouldn't go unnoticed. Figma launched its listing on July 21 with its eye on a fully diluted valuation of as much as roughly $16 billion, well below the figure in the Adobe deal. That target was still positioned as a victory, coming after a tender offer last year valuing the design-focused company at $12.5 billion. Still, few market-watchers thought Field and his bankers from Morgan Stanley, Goldman Sachs Group Inc., Allen & Co. and JPMorgan Chase & Co. would stop there. The marketed range was raised on Monday to $30 to $32 a share from $25 to $28. The shares offered in Figma's IPO were ultimately more than 40 times oversubscribed, with more than half of the orders receiving no stock, Bloomberg News reported. The pacing almost perfectly mirrored Circle Internet Group Inc.'s debut in June, which similarly laddered its price and share count increases ahead of its 168% first-day pop. A key question for Figma's long-term success is whether it can become a tool used by office workers beyond designers. The company's suite of tools is seeing strong adoption by software developers, product managers, and marketers, said Andrew Reed, a partner at Sequoia Capital and a member of Figma's board. Sequoia, one of the most storied Silicon Valley venture firms, first invested in Figma in 2019. Around that time, companies were beginning to adopt Figma's product en masse, Reed said. Like many software firms, Figma charges clients based on the number of users and the kind of seat those users have. It added Dev Mode to the platform in 2023 to enable closer collaboration with developers, and has more recently incorporated AI technology into many of its own tools. This year it introduced Figma Make, an AI-based product that lets the user turn prompts into functional prototypes. The use of AI-focused software creation apps that are potential competitors to Figma, such as Lovable and Bolt, has rapidly increased this year. Weaving AI features into Figma's products is a top priority, Field said in an interview. 'We have so much room to explore how we can make great AI products and experiences.' Figma's financial metrics stand above most large-cap software companies, with growth north of 40%, a net-dollar retention rate of over 130% and high pricing power given the lack of a credible rival. - Anurag Rana and Andrew Girard, technology analysts Going public allows Figma to have a big brand moment which centers the importance of design, Field said. 'This is a time where we can create tremendous value for our community, our customers, and I think the public market is the right place to do it.' AI isn't the only fashionable technology Figma is embracing. The company's board approved a $55 million investment in a Bitcoin ETF run by Bitwise Inc. last year, and signed off in May on a $30 million investment in the cryptocurrency, its IPO filings show. The company bought 30 million of Circle's stablecoin USDC, valued at $1 each, and plans to reinvest the holdings into Bitcoin directly. Figma has also authorized the issuance of blockchain stock that could lead to selling blockchain-based tokens as a form of its shares, though it currently doesn't have specific plans to do so, according to the filings. Figma's bulldozing IPO campaign has produced a well-capitalized company whose stock can be currency in acquisitions — one of the potential uses detailed in Figma's IPO filings — and whose growing footprint in creative work could make it a fierce rival to the company that once tried to absorb it. The company mentioned just two acquisitions in its filings, the largest of which is a $35.5 million deal for Payload, an open source headless content management system. Field likely has bigger deals on his mind, based on the founder letter included in the IPO filing. In an interview with Bloomberg TV, Field reiterated the pledge he made in the IPO filing's founder letter that the company would pursue M&A at scale. 'There's so much out there which can be applicable to the company when you think of the breadth of product design and development,' he said. 'It has to be an amazing team, an amazing asset, and has to be something where we think the team is culturally consistent.' After its acquisition plans were thwarted, Adobe discontinued XD, its most direct Figma rival. Like many software companies, Adobe's current focus is adding AI features to its flagship creative products like Photoshop. Australia-based Canva's AI features are intended to speed the design process. In April, the company introduced a conversation-based AI tool, which responds to voice and text prompts to edit photos, generate slide decks and re-size designs. The soaring share price also puts into play the performance-based awards Field has, including a 10-year 'moon-shot' compensation package awarded just last month that begins to vest once the 60-day average stock price exceeds $60. The highest hurdle requires shares to top $130. Field's stake is worth $6.1 billion. He will continue to control the company with 74.1% of the voting power after the IPO through his holdings of Class B shares that have 15 votes each, the filings show. The company sold 12.47 million shares in the IPO, which priced Tuesday, while investors including Index Ventures, Greylock Partners and Kleiner Perkins sold 24.46 million shares. The shares were marketed for $30 to $32 per share, after the company increased the range earlier in the week. The company's stock trades on the New York Stock Exchange under the symbol FIG.