India is set to exceed its targets for cutting greenhouse gas emissions and boosting the share of non-fossil fuels in electricity generation but any further commitment to reducing its carbon footprint will depend on climate finance from rich countries, a senior official said.

As part of its pledge under the 2015 Paris climate agreement India, the world's third-biggest carbon emitter after China and the United States, is supposed to reduce its carbon footprint by 33-35% from 2005 levels by 2030. Also, India aims to produce 40% of its power from non-fossil fuel sources by 2030.

But any further commitment to cutting greenhouse gas emissions would depend on the fulfilment of the pledge that rich countries provide $100 billion a year in funding to help developing nations tackle climate change.

Guest post from Reuters