As funding from developed nations are lagging, India and other developing nations must unite to balance the trade-off between growth and climate change action. Discuss (200 Words)
Refer - Financial Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 5 years
KEY POINTS
· Union government makes it clear that, with developed nations not contributing to climate action finance in the manner negotiated in different climate accords, India can only aspire to implement its already promised climate actions and do equally well or better in comparison to economies with similar levels of development.
· Thus, India, the government says, may only be in a position to clarify or elaborate its post 2020 climate actions already pledged in it NDCs (nationally determined contributions) at the summit.
· As per Climate Action Tracker (CAT), India is one of the just seven nations none of these is a developed country whose climate pledges, if all countries were at similar levels, could prevent a >2degree C rise in temperature from pre-industrial levels.
· India’s commitments under the Paris Agreement include 40% non-fossil fuel-based power generation capacity by 2030. The costs of technology in the renewables space, though inching down over the past few years, is still high.
· With funding from developed nations barely a trickle, India, thus, has said that it will ‘suitably recalibrate’ its action only after the global stock-take of progress under the Paris Agreement takes place in 2023.
· While global climate negotiations have focused on the principle of common but differentiated responsibilities, and countries’ respective capabilities this acknowledges the fact that developed countries have shrunk the emissions budget for developing nations.
·
The fact is that developed nations gave just $38 billion in climate finance in 2016, against the $100 billion a year by 2020 that had been agreed to in the 2009 climate negotiations.
· Technology transfer is also a sore point. India has invoked Article 4.7 of the United Nations Framework Convention on Climate Change, that talks of developing country parties being responsible for implementing their climate-action commitments to the extent they receive financial and technological support from developed nations.
· In order to fight climate developing nations need to reunite to address the problem of global climate funding simultaneously increasing their economic growth.
Hari 5 years
Kindly review.. thank you
IAS Parliament 5 years
Anu 5 years
Kindly review. Thank you.
IAS Parliament 5 years
Good answer. Try to stick to word limit. Requirement of climate funding is not needed. Keep Writing.
Alok Dwivedi 5 years
For review!
IAS Parliament 5 years
Good answer. Keep Writing.
Thenmozhi Vijayan 5 years
Kindly review it.Thank you
IAS Parliament 5 years
Good attempt. Mention about the Paris agreement is enough, no need for explanation. Keep Writing.
Loading Comments