India will by 2070 become a net-zero emissions nation, the Prime Minister Narendra Modi announced on Monday, outlining five new pledges from India in a national statement at the international climate summit in Glasgow.

He also said India will increase installed non-fossil fuel energy to 500 Gigawatts, rely on renewable energy for 50 per cent of its energy requirements, reduce one billion tonne of carbon emissions from its total emissions, and reduce its economy’s carbon intensity by 45 per cent by 2030.

But, he said, the developed countries must also increase their support of finance and technology transfer to help developing countries to lower their emissions. “The world cannot achieve the new targets with old goals of climate finance,” he said, saying earlier pledges have been empty promises.