New Delhi: Environment Minister Bhupender Yadav called the COP26 summit a “success” from India’s standpoint, terming as “troublesome” the “lack of commitment on climate finance” by developed nations.
Consensus remained elusive, but India “articulated and put across the concerns and ideas of the developing world quite succinctly and unequivocally”, he said.
“The summit proved to be a success from India’s standpoint because we articulated and put across the concerns and ideas of the developing world quite succinctly and unequivocally. India presented the way for a constructive debate and equitable and just solutions at the forum,” he said.
Yadav, while noting India’s efforts, including on solar energy, said there has been a lot of talk about and around Nationally Determined Contributions (NDC), “the lack of commitment on climate finance is troublesome”.
At the plenary earlier, instead of agreeing to “phase-out” of coal power in the final text, Yadav read out a new version of the paragraph that used “phase-down”, ensuring a last-minute change of language on fossil fuel in the Glasgow Climate Pact at the 26th session of the Conference of the Parties (COP26) to the United Nations Framework Convention on Climate Change (UNFCCC) that concluded last night.
In a statement, he said developing countries have a right to their fair share of the global carbon budget and are entitled to the responsible use of fossil fuels within this scope. “Fossil fuels and their use have enabled parts of the world to attain high levels of growth. Even now, developed countries have not completely phased out coal. The UNFCCC refers to mitigation of GHG emissions from all sources. UNFCCC is not directed at any particular source. Developing countries have a right to their fair share of the global carbon budget and are entitled to the responsible use of fossil fuels within this scope,” he said.
Speaking of the “new mantra for sustainable development” given by Prime Minister Narendra Modi at the climate summit, Yadav said ‘LIFE’ (Lifestyle for Environment) can be the foundation for the same.
India’s goals include non-fossil energy capacity to reach 500 GW by 2030 and meeting 50 per cent of its energy requirements with renewable energy by the year India will reduce its total projected carbon emissions by one billion tonnes from now and reduce the carbon intensity of its economy to less than 45 per cent by 2030. By 2070, India will achieve the target of net zero emissions.
“India achieved some remarkable results in terms of climate finance issues, including a work programme on new collective quantified goal, support for enhanced transparency framework for developing countries, Article 6 rule book, adaptation, common timeframe, at the COP26 negotiations,” he added.
