The International Monetary Fund (IMF) applauded India's announcement at the COP26 summit of new targets to increase renewable energy use and reduce its economy's carbon intensity, including a net-zero target by 2070.
Prime Minister Narendra Modi made major announcements at the COP26 summit in Glasgow, including the bold goal of India becoming net zero by 2070.
According to Gerry Rice, Director of the IMF's Communication Department, India's actions may help catalyse action in other emerging economies to address climate change challenges.
Mr Rice added, "India's significant investment in renewables and climate change adaptation policies suggest it is well positioned to take further steps to meet this new target."
Mr Modi also increased India's Nationally Determined Contributions (NDCs) from 450 gigawatts to 500 gigawatts of non-fossil energy capacity by 2030, in addition to the net zero target.
"By 2030, India will have increased its non-fossil energy capacity to 500 gigawatts and will be able to meet 50% of its energy needs from renewable sources. Between now and 2030, India's total projected carbon emissions will be reduced by 1 billion tonnes, and by 2030, India's total projected carbon emissions will be reduced by 1 billion tonnes " said PM Narendra Modi at the conference.