By By Terence Dutton The Times Of India | Sep 10, 2018 09:07:59The world’s top 10 countries are on track to meet their 2020 greenhouse gas reduction targets, according to a study published in the International Journal of Applied Energy.
China, which is facing a severe cooling trend and has seen its emissions rise, is leading the pack with an ambitious plan to build more than 40,000 megawatts of renewable energy by 2030.
India has been the second biggest carbon emitter in the world, behind only the United States, but has been making progress on its climate targets, with a total of 18,500 megawatts installed in the past two years.
China has a lot more work to do to meet its 2020 targets, but its leaders say they believe the country has a “visionary” plan to do so.
China’s ambition is based on its aim to have a 50 per cent share of the world’s energy by 2050.
The country is already inching closer to that target, with its goal of 50 per-cent renewables by 2030 set to be achieved.
It is also aiming to reduce greenhouse gas emissions by 20 per cent by 2050, the study found.
The United States is currently the world leader in green energy production and deployment, with over 100GW installed across the country, the majority of it solar.
But the U.S. is the only country in the top 10 that does not plan to invest in renewables.
The World Bank expects that India will be the world economy by 2030, but with its relatively low share of renewable electricity, the report said.