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224 Economic Survey 2020-21 Volume 1

assessment will be performed of the elements related to transportation infrastructure, services
and operations in India.
6.42 CDRI is working on expanding its membership to include countries from all the continents
and at varied level of development and risk. Future initiatives are aimed at supporting member
countries in learning from disasters to support recovery and reconstruction, improve governance
and financing for creation of resilient infrastructure, creation of resilience standards and decision
support systems, and promoting innovation in the field of disaster resilient infrastructure.

CONCLUSION AND WAY FORWARD
6.43 There is an increasing recognition that the sustainable macroeconomic development
should entail an alignment of both climate and economic policies to the extent possible. India’s
endeavour is to ensure a robust growth and a sustainable development path while combating
the climate change risks on best effort basis. India has taken a number of initiatives on both
mitigation and adaptation strategies with emphasis on clean and efficient energy system;
resilient urban infrastructure; water conservation & preservation; safe, smart & sustainable
green transportation network; planned afforestation, as well as by supporting various sectors
such as agriculture, forestry, coastal and low-lying systems and disaster management. ISA and
CDRI are evidence of India’s serious action at the international level.

6.44 The country is on its track to successfully decoupling its economic growth from GHG
emissions. As per the second BUR submitted to UNFCCC in 2018, India’s emission intensity
of GDP reduced by 21 per cent in 2014 over the level of 2005. To ensure the use of cleaner
automobile fuel, India has also leapfrogged from BS-IV to BS-VI emission norms on 1 April,
st
2020, earlier than the initial date for adoption in 2024. The effort of the International Solar
Alliance in solar energy revolution is noteworthy and it has brought to fruition the ‘One Sun
One World One Grid’ vision laid down by the Hon’ble Prime Minister of India.

6.45 India’s proactive climate actions mainly rely on the domestic budgetary resources.
Climate finance is critical to fulfil the execution of NDC targets submitted by India in a timely
manner. Climate finance is an obligation of the developed countries as a part of their historical
responsibility as they are the major contributors to the stock of GHG in the atmosphere
accumulated since the industrial revolution. By 2020, the developed country partners had to
fulfill the promised support of US$ 100 billion per year in the form of climate finance to the
developing nations. This has not happened. The lack of required momentum in the scope, scale
and speed of climate finance from developed to developing countries needs to be addressed.
The enhanced new and additional financial resources, technological support and support in
capacity building should be mobilized and delivered to strengthen the on-going climate actions
in developing nations like India.