Mr Rajani Ranjan Rashmi is engaged with The Energy and Resources Institute (TERI) as Distinguished Fellow & Programme Director. At TERI, Mr Rashmi leads work on climate policy, strategy, carbon markets, and environmental sustainability. A retired officer of the Indian Administrative Service, Mr Rashmi is a noted expert on climate change related policies, strategies, actions, and international negotiations. With over 35 years of experience, he has contributed extensively to the formulation and implementation of public policies at both the central and state levels in the fields of environment, commerce, and finance.
This interview was conducted by Vani Pandey, Research Associate at TERI.
What can we expect from India's 2035 NDC?
The year marks the cycle for the revision and updating of Nationally Determined Contributions (NDCs), as mandated under the Paris Agreement. Hopefully, all countries will revisit their NDCs to assess existing gaps and identify potential areas for further improvement. The Government of India will also undertake this exercise. As you may know, TERI recently published a paper in collaboration with We Mean Business Coalition, examining the potential for private sector participation in enhancing India’s climate efforts. India is already performing well in achieving its current targets. However, there remains significant potential for improvement across sectors, particularly through greater private sector involvement. That is the key message we are emphasizing. Therefore, the 2035 NDCs, which will be announced by most countries including possibly India will likely reflect this potential for enhanced ambition. The trends so far are positive, and I believe the future trajectory will also remain encouraging.
What key outcome would you like to see from Belem?
There are two major deliverables expected at COP 30 in Belém, as mandated under previous COP decisions. The first is the Global Goal on Adaptation (GGA). The indicator framework for this goal is currently under preparation, and it is hoped that it will be finalized at Belém. This framework will establish indicators and outcomes for tracking adaptation progress. However, one crucial issue is determining the extent to which the means of implementation such as finance, technology, and capacity building will be integrated into this set of indicators. This aspect requires greater attention and consensus. The second key deliverable is the roadmap for mobilizing USD 1.3 trillion under the New Collective Quantified Goal (NCQG) for climate finance. However, achieving the USD 1.3 trillion goal will require contributions not only from governments but also from the private sector, corporate entities, and other stakeholders essentially, all actors as outlined in the decision. Therefore, the central question at Belém will be: To what extent can all possible actors be effectively engaged in mobilizing this level of finance?
The roadmap must clearly outline:
India has achieved its energy NDC by reaching 50% total power capacity from non fossil based sources five years ahead of schedule. It now aims for an ambitious 500GW if non fossil powered capacity by 2030. What role do you see for the international community to support India in its renewable energy ambitions for the coming decade?
India has demonstrated remarkable ambition and performance in expanding its renewable energy capacity. In fact, India’s progress in this area has been outstanding. The country is now recognized as one of the fastest growing in terms of renewable energy capacity addition. In just 10 to 15 years, India’s renewable energy capacity has increased nearly 45 to 50 times from less than 7 GW about 15 years ago to over 200 GW today. This is an impressive and positive achievement.
However, two major challenges are emerging where international support will be essential. Firstly, the scale of investment required is enormous. Currently, India is investing about USD 20–25 billion per year in renewable energy. To achieve the 500 GW target by 2030, this needs to rise to around USD 40–50 billion annually. Therefore, in addition to domestic mobilization by investors and renewable energy developers, India will require significant international capital. Secondly, we need advanced technologies for energy storage and for integrating renewable energy into the grid. This also calls for large scale investments in transmission infrastructure and storage systems. Thus, India’s renewable energy transition will depend greatly on international finance, advanced technologies, and enhanced collaboration between domestic and global investors.
At COP29 in Baku, countries agreed on a new collective climate finance goal of at least USD 300 billion per year by 2035, while developing countries, including India, called for at least USD 1.3 trillion. In your view, how can USD 1.3 trillion in climate finance be achieved?
The USD 1.3 trillion climate finance goal includes contributions from all actors not just governments and their agencies, but also the private sector, financial institutions, multilateral banks, and other stakeholders. To achieve this, we must determine how the private and corporate sectors can be effectively engaged. This includes private investors, equity funds, lenders, financial operators, sovereign wealth funds, and global pension funds that manage large pools of capital. Developing a viable pathway requires careful consideration, which is why the roadmap for this target has been mandated to be finalized at Belém. It is not only about expanding the pool of available capital, but also about reducing the cost of capital. While global liquidity exists, it is generally available at market rates. Investors will not channel such funds into green projects unless there are adequate incentives and returns, which currently remain uncertain due to policy and market risks.
Hence, the challenge in mobilizing USD 1.3 trillion lies not only in government commitments but also in ensuring that international capital from financial markets becomes accessible at lower costs, supported by mechanisms to reduce investment risks. Various suggestions have already been proposed, including by the UNFCCC’s Standing Committee on Finance, which has identified potential instruments. However, further discussions are needed on mechanisms or instruments such as sovereign wealth funds , debt swaps, blended finance, and other arrangements that can help de-risk green investments.
From 2026, countries exporting to the EU will have to start paying for emissions certificates under the EU's Carbon Border Adjustment Mechanism (CBAM), while India is also rolling out its own carbon market. How can India and the EU best collaborate on carbon pricing?
Carbon Border Adjustment Mechanism (CBAM) is an extremely complex and somewhat divisive issue, primarily because the levels of industrial development, decarbonization strategies , and goals vary significantly across countries. For instance, India’s Nationally Determined Contribution (NDC) currently focuses on reducing emissions intensity, not absolute emissions. In contrast, the European Union, which is attempting to apply uniform carbon standards on its trading partners, is committed to absolute emission reductions.I Its industries are at a relatively advanced stage of decarbonization and they have a mandate under the PA to do so. Therefore, this issue requires careful handling through bilateral discussions and multilateral consultations. Ideally, disputes should not be allowed to escalate ; rather, the aim should be to resolve differences bilaterally , based on mutual respect for each other’s development priorities and industrial challenges. The first step should be to create a carve out for Micro, Small, and Medium Enterprises (MSMEs), which are likely to be disproportionately affected due to their limited capacity. A complete exemption for MSMEs involved in export activities should be considered. Secondly, carbon standards cannot be uniform across countries. India will develop its own emissions intensity norms under its carbon market scheme and there should be mutual recognition of the efforts made by India under its national, sectoral or product level norms that help decarbonisation. The focus should shift from product level standards to sectoral or national level standards, enabling comparisons and assessments at a broader, jurisdictional scale rather than on individual products. This approach would be more equitable and reflective of each country’s developmental context.
One of the central themes of COP30 is adaptation, with a strong emphasis on local community leadership. Given the scale of India’s local climate action, how could the outcomes of COP30 help strengthen and support India’s community-led efforts?
One of the key challenges before COP 30 in Belém is to finalize the adaptation indicators under the framework of the Global Goal on Adaptation (GGA). If these indicators are clearly defined, there will be a higher likelihood of greater financial flows for adaptation activities linked to measurable outcomes. This would directly enhance the availability of resources for adaptation initiatives in India as well. India is already investing significantly in adaptation. According to the Economic Survey of India, about 2.5–3.5% of GDP is being spent on various development programmes that yield adaptation co-benefits. The challenge now lies in establishing a framework to measure these efforts, linking them with specific outcomes at the community and state levels. A key task will be to involve state governments and local communities more effectively, ensuring that they are compensated or incentivized for their contributions toward ecological sustainability and climate resilience. Fundamentally, what is required is a greater quantum of financial resources, and a well-defined indicator framework at COP 30 could help facilitate this by enabling better access to adaptation finance.
What effect does the United States’ climate policy and its withdrawal from the Paris Agreement have on India’s climate policy?
I would like to preface this by saying that this is an issue on which only the Government of India can offer an official position. However, my view is that the United States’ withdrawal is their national or domestic choice. Despite the absence of the U.S. from global climate negotiations, I believe that the international community is united in its commitment to climate goals. However, the US absence does create uncertainty in climate finance mobilization. The U.S. is the world’s largest economy and a major source of technology, finance, and private investment signals. Without clear engagement of the U.S. government, the private sector may become cautious, affecting flows of investment in clean energy and adaptation initiatives. Nonetheless, I view this as a temporary setback. The broader international community remains firmly committed to the Paris Agreement, and global cooperation on climate action will continue to advance.
COP30 has introduced a new initiative called “Activation Groups” to accelerate climate action by bringing together governments, industry, and civil society. Could you share if India is participating or taking a leading role in any of these Activation Groups? Specifically, what are the ways in which India is contributing to these groups, and which Indian actors or institutions are involved?
The initiative is somewhat peripheral to the main negotiation process. Implementation related discussions have come up repeatedly in the context of climate negotiations. COPs are platforms for governments to negotiate the future course of action and to resolve outstanding issues. Implementation of existing commitments, while important, should not blur the fundamental principles of responsibility, capability, and vulnerability among countries. The idea of Activation Groups is positive, and there is no problem with India or any other country participating in them, especially if they are anchored or endorsed in the principles of the Convention and are led by the COP Presidency. However, the larger concern is that these groups and similar forums should not divert attention from the core purpose of the COPs that is, negotiations based on agreed principles and deciding the way forward on key commitments and unresolved issues.
What are your expectations from India at COP30?
At COP 30 in Belém, two key outcomes are expected. First, the roadmap for additional financial mobilization beyond the agreed USD 300 billion per year should be finalized to ensure greater investments in clean energy and adaptation sectors. Second, the Global Goal on Adaptation (GGA) should be established in the form of a framework for adaptation indicators. These two are the most critical deliverables at Belém. However, I must add a word of caution regarding the rise of unilateral measures aimed at enforcing pre-determined carbon prices, which remain a matter of concern. I hope that discussions at Belém help countries move in a direction that reduces such differences and fosters cooperation and growth in the global carbon market, rather than creating new divides.
India has already met two of its three 2015 NDC quant targets ahead of time (40% non-fossil power capacity; emissions-intensity path consistent with the 33–35% cut), strengthened both in its 2022 NDC update (to 50% non-fossil installed capacity and 45% emissions-intensity reduction by 2030), and crossed 50% non-fossil installed power capacity in 2025. The upcoming 2035 NDC had not been submitted as of 29 Oct 2025.
Commitments & Progress
Institutional and Planning Measures – India’s Climate Policy Framework
India’s climate governance framework has evolved over two decades, integrating economic growth with environmental sustainability. The journey began with the National Action Plan on Climate Change (NAPCC, 2008), which established eight national missions across energy, water, habitat, agriculture, and ecosystem resilience. The NAPCC built on earlier vulnerability assessments and the 2007 Expert Committee on Impact of Climate Change, which evaluated sectoral risks in water, agriculture, health, and coastal zones (Government of India, 2004; Press Information Bureau [PIB], 2008).
Regulatory Enablement, Transparency, and Market Confidence
India’s International Leadership on Climate Change – Summary Table
|
Initiative / Platform |
Key Highlights |
|
Role within the UNFCCC |
India defends Global South interests; championed CBDR-RC (1992 Rio Summit), fairness in Kyoto (1997), and equity under the Paris Agreement (2015). At COP28 (Dubai, 2023), India advanced the Loss and Damage Fund and called for predictable climate finance, constructive criticism of NCQG commitment in COP29 (Baku, 2024). |
|
International Solar Alliance (ISA) |
Co-launched with France at COP21 (2015); 120+ signatories and 102 ratified members. Aims to mobilize $1 trillion solar investment by 2030. Initiatives include Global Solar Facility and Solar Risk Mitigation Initiative. HQ: Gurugram. |
|
Coalition for Disaster Resilient Infrastructure (CDRI) |
Announced at UN Climate Action Summit (2019); 50+ members. Promotes climate and disaster resilient infrastructure. Key programmes: IRIS and Global Infrastructure Resilience Index (2023). HQ: New Delhi. |
|
Leadership Group for Industry Transition (LeadIT) |
Launched by India and Sweden (2019). Includes 18 countries and 20 companies (e.g., Tata Steel, Dalmia Cement). Supports industrial decarbonization with transition roadmaps and the Industry Transition Tracker (2024). |
|
Mission LiFE (Lifestyle for Environment) |
Introduced at COP26 (Glasgow, 2021). Promotes sustainable consumption and behavioural change. Endorsed by UN (2023) and featured in India’s G20 agenda. |
|
Global Biofuels Alliance (GBA) |
Launched during G20 Summit (2023) with 20+ members including US, Brazil, and EU. Aims to triple global biofuel consumption by 2030 and harmonize standards globally. |
|
India’s G20 Presidency (2023) |
Theme: 'One Earth, One Family, One Future.' Key outcomes: Green Development Pact, Global Biofuels Alliance, push for Green Hydrogen, and commitment to triple global renewable energy capacity by 2030. |
Implementation since COP29
2035 NDC – Status & Likely Contours
Likely Focus Areas for 2035
Key Policy Instruments
For the German Delegation at COP30 – Watchlist
The Government of India – led by the Ministry of Environment, Forest and Climate Change (MoEFCC) – is developing its National Adaptation Plan (NAP) as part of its international commitment under the UNFCCC and the Paris Agreement to address climate change. The plan aims to provide a coordinated framework for strengthening climate resilience and integrating adaptation across key sectors and systems.
The NAP will serve as a blueprint for integrating climate adaptation into India’s broader development agenda and the Sustainable Development Goals (SDGs), ensuring that climate resilience supports the country’s vision of Viksit Bharat by 2047. It is being formulated under the ongoing Green Climate Fund (GCF) Readiness Programme, with national and international partners supporting analytical work and stakeholder consultations.
The NAP will be structured around nine thematic areas:
1) Wate; 2) Agriculture and Allied Sectors; 3) Health; 4) Forests; 5) Ecosystems and Biodiversity; 6) Disaster Management and Infrastructure Resilience; 7) Poverty Alleviation and Livelihoods; 8) Traditional Knowledge and Heritage; 9) Adaptation Resourcing
The Plan further integrates gender mainstreaming, traditional knowledge, technology, private sector engagement, and capacity building as cross-cutting themes. It is conceived as a dynamic and iterative process – driven by science and innovation and guided by grassroots realities – ensuring that adaptation planning evolves with emerging knowledge and local experience.
India’s NAP is guided by three overarching priorities: strengthening knowledge systems, reducing exposure to climate risks, and enhancing adaptive capacity. It follows core principles that are country-driven, integrated and multi-sectoral, participatory and transparent, inclusive of vulnerable groups, science- and evidence-based, iterative and adaptive, and anchored in a whole-of-government and whole-of-society approach.
The NAP also aligns with national initiatives such as Mission LiFE and Ek Ped Maa ke Naam, reflecting India’s commitment to promoting climate-conscious and sustainable lifestyles. The submission of India’s first NAP to the UNFCCC is expected during COP30 in Belém, Brazil.
The following section presents a selection of key climate-related developments from India in 2025, particularly those linked to the country’s NDCs. While not exhaustive, these highlights capture some of the most significant policy decisions, sectoral trends, and institutional measures shaping India’s climate action landscape in the lead-up to COP30 in Belém.
The Government of India’s delegation to COP30 will be led by the Hon’ble Minister of Environment, Forest and Climate Change, Shri Bhupender Yadav. The full list of delegates will be posted on the UNFCCC website after release.
Government of India’s Delegation
|
S No |
Names & Designation |
Organisation / Division |
|
1 |
Shri Bhupender Yadav |
MoEFCC |
|
2 |
Shri Tanmay Kumar |
MoEFCC |
|
3 |
Dr. Amandeep Garg |
MoEFCC |
|
4 |
Mr. Rajat Agarwal |
MoEFCC |
|
5 |
Ms. Jaspreet Kaur |
MoEFCC |
There will be no dedicated India Pavilion this year. Instead, an India Office will be set up within the COP premises (location TBC).
The Energy and Recourses Institute’s Delegation
Week 1 (10th – 15th Nov. 2025)
|
S No |
Names |
|
1 |
Dr. Dipankar Saharia |
|
2 |
Amit Kumar Thakur |
|
3 |
Mr Arupendra Nath Mullick |
|
4 |
Dr Dipak Dasgupta |
|
5 |
Dr. Syed Arif Wali |
|
6 |
Mr. Sayanta Ghosh |
|
7 |
Dr. Shailly Kedia |
|
8 |
Mr. Sharif Qamar |
|
9 |
Ms. Shabnam Bassi |
|
10 |
Mr. Akash Deep |
|
11 |
Mr. Rachit Kumar |
Week 2 (17th – 21st Nov. 2025)
|
S No |
Name |
|
1 |
Dr Vibha Dhawan |
|
2 |
Ms. Suruchi Bhadwal |
|
3 |
Dr Manish Kumar Shrivastava |
|
4 |
Dr Ritu Mathur |
|
5. |
Mr Alekhya Datta |
|
6. |
Dr Arunendra Kumar Tiwari |
As part of the 3rd CEEW Leaders’ Dialogue at COP 30, an IKI India Initiative event titled “Measuring Climate Impacts of Forestry and Single-Use Plastic Ban Policies” will take place on 14 November 2025 (09:30–11:30 BRT) in Belém, Brazil (Green Zone, Unamaz Pavilion).
The 90-minute workshop will explore methodologies to assess the climate co-benefits generated by circular-economy and urban-forestry policies, highlighting how such approaches can integrate climate action into broader development strategies. Facilitators include Nitin Bassi (CEEW) and Dr Axel Michaelowa (Perspectives Climate Group). Knowledge products on climate co-benefit methodologies will also be presented during the session.
The launch of the first Ideas Competition for IKI Large Grants is currently planned for COP 30, foreseen to be presented by the MoEFCC and BMUKN Ministers on 17th November at the German pavilion. Further updates are available here.
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