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international climate policy

We’re now halfway towards the 2020 deadline – set in 2009 – for developed countries to mobilize $100 billion a year in climate finance. It’s essential to show that developed countries are keeping their commitments so developing countries know they have support for ambitious action when countries meet to forge a new global climate agreement in Paris this December. So with five years to go, how close are we to $100 billion a year? And how could we get there?

Today India formally submitted its national climate plan (INDC) to the UNFCCC. The plan includes a commitment to reduce emissions intensity of its GDP by 33 to 35 percent by 2030 from 2005 levels, achieve about 40 percent cumulative electric power from non-fossil fuel based energy resources by 2030, and create an additional carbon sink of 2.5 to 3 million tonnes of carbon dioxide through additional forest and tree cover by 2030.

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