Business News/ News / India/  India jumps up 2 spots to 8th position in Climate Change Performance Index

New Delhi: India rose two spots to ranked eighth on Climate Change Performance Index (CCPI, 2023) published by German Watch, New Climate Institute and Climate Action Network International based in Germany.

“India earned a high rating in the GHG Emissions and Energy Use categories, while a medium for Climate Policy and Renewable Energy. The aggressive policies of India towards rapid deployment of renewables and robust framework for energy efficiency programs have shown considerable impact," India’s power ministry said in a statement.

As per the CCPI report, India is on track to meet its 2030 emissions targets (compatible with a well-below-2°C scenario), it added.

Union minister for Power and New and Renewable Energy R. K. Singh highlighted that India’s CCPI ranking is testimony to the leadership shown by the Prime Minister Narendra Modi towards addressing the global climate change despite pandemic and tough economic times.

The top 5 rank globally reflects that India is implementing energy transition programmes such as renewable capacity installation at much faster rate than anywhere in the world. He also highlighted various demand side flagship programs such as UJALA, PAT Scheme and Standards and Labelling Programme that have contributed significantly to this notable achievement.

The ranking given by CCPI places India as the only G-20 country among the top 10. It may be mentioned here that India will now be assuming G-20 Presidency and it will be an opportune time to show the world, about its climate mitigation policies such as deployment of renewable sources of energy and other energy transition programmes.

The latest report of CCPI, released at COP27 in November, shows Denmark, Sweden, Chile and Morocco as the only four small countries that were ranked above India as 4th, 5th, 6th and 7th respectively.

The first, second and third ranks were not awarded to any country. In effect therefore, India’s rank is the best among all large economies.

The CCPI aims to enhance transparency in international climate politics and enables comparison of climate protection efforts and progress made by individual countries.

Published annually since 2005, the Climate Change Performance Index (CCPI) is an independent monitoring tool for tracking the climate protection performance of 59 countries and the EU. Every year, the CCPI sets off important public and political debates within the countries assessed.

The climate protection performance of these 59 countries, which together account for 92% of global greenhouse gas (GHG) emissions, is assessed in four categories: GHG Emissions (40% of overall score), Renewable Energy (20% of overall score), Energy Use (20% of overall score) and Climate Policy (20% of overall score).

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Updated: 22 Nov 2022, 06:17 PM IST
Recommended For You
Get alerts on WhatsApp
Set Preferences My Reads Watchlist Feedback Redeem a Gift Card Logout