The current pace and scale of climate finance and technology support from developed countries are not matching the global aspiration to combat climate change, Bhupender Yadav said at a meeting of the major economies forum.
Reiterating India’s commitments to the ambitious targets at the Glasgow COP 26 summit last November, Bhupender Yadav, India’s minister for environment, forest and climate change, today reiterated that India has embarked on one of the most ambitious energy transition programmes in the world.
At Glasgow, Prime Minister Modi had envisioned India’s contribution to the global efforts to combat climate change hinge on installing a 500 GW non fossil energy capacity by 2030, reduction in emissions intensity of GDP by 45 per cent over 2005 levels, 50 per cent electric installed capacity coming from non-fossil sources by 2030, 1 billion tonnes reduction in carbon emissions till 2030 and India to become net-zero by 2070.
The environment minister was addressing a virtual ministerial meeting of major economies forum hosted by the US Special Envoy for Climate Change Mr John Kerry on Thursday. He expressed India’s appreciation for the collective efforts of the parties to the UNFCCC for the outcomes of COP26, especially on the outstanding matters related to the Paris agreement rule book. Simultaneously, he called for a continued commitment to keep the momentum of climate action in 2022, including in COP 27, and work together to further pursue the efforts building on the COP26 outcomes.
Honour multilateralism and its rules-based order
The environment minister called for action and implementation of commitments, but also stressed that current pace and scale of climate finance and technology support from developed countries are not matching the global aspiration to combat climate change and there is a need for upscaling the delivery and targets of implementation support including finance and technologies.
He emphasised and reiterated India’s call to the world community to embrace the mantra of lifestyle for environment. He said that a mass movement on sustainable lifestyles for combating climate change will help the global community accelerate climate actions and bridge the gaps in global climate resilient transition.
“Further, multilateralism and its rules-based order should be honoured by all without resorting to unilateral measures which would harm other countries”, Yadav said, emphasizing that the principles and provisions of UNFCCC including equity and common but differentiated responsibilities and respective capabilities should continue to be the guiding pillars of global efforts to combat climate change.
