Climate financing and aid takes centre stage at high-level UN meeting
21 Sep 2021 11:53:35
New Delhi, September 21: While representing India virtually at a high-level UN meeting on climate change hosted by the UN secretary-general with select world leaders, Environment Minister Bhupender Yadav underlined the need for upholding the principles of the UNFCCC process, for any successful outcome in any climate change negotiations including the upcoming COP 26.
Yadav said that even at UNFCCC, there is an urgent need for giving due importance to adaptation and discussing if the scale of resources is proportionate with the scale of the needs in the developing countries.
During this meeting, crucial climate actions on finance, mitigation, and adaptation required for tackling the climate crisis were discussed.
The environment minister mentioned the concrete climate actions that India has been taking under the dynamic leadership of PM Modi including 450 GW of Renewable Energy by the year 2030.
The Environment Minister mentioned that in light of the recent IPCC findings and the latest UNFCCC Synthesis Report, and that developed countries have collectively emitted more than their estimated emission allowances in the 2008-2020 period, greater action should be taken on mitigation. More financial support should be provided to developing countries.
Yadav said that even at UNFCCC, there is an urgent need for giving due importance to adaptation and discussing if the scale of resources is proportionate with the scale of the needs in the developing countries.
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The Minister also underlined that ambitious climate action in developing countries is dependent on ambitious support from developed countries under the Paris Agreement. He called upon developed countries to fulfill their promise of USD 100 billion per year goal made in 2009.
COP26 should focus on climate finance in scope, scale and speed, and transfer of green technologies at low cost.