COP26 should focus on climate finance of green tech at low cost: India at UN

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The UK is set to host, the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow from October 31 – November 12, 2021….reports Asian Lite News

India on Monday told a UN Secretary General’s meeting with select leaders on climate change that the forthcoming 26th session of the UN Climate Change Conference of the Parties (COP26) should focus on climate finance in scope, scale and speed and transfer of green technologies at low cost.

The UK is set to host, the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow from October 31 – November 12, 2021.

Indian Minister for Environment, Forest and Climate Change, Bhupender Yadav represented India virtually at the meeting convened by António Guterres, United Nations Secretary General and Boris Johnson, Prime Minister of United Kingdom.

Speaking at the meeting, Yadav underlined the need for upholding the principles of UNFCCC process, for any successful outcome in any climate change negotiations including the upcoming COP 26.

In the meeting, crucial climate actions on finance, mitigation and adaptation required for tackling the climate crisis were discussed.

The Environment Minister also mentioned the concrete climate actions that India has been taking under the dynamic leadership of the Prime Minister of India, Narendra Modi including 450 GW of Renewable Energy by 2030.

He mentioned that in light of the recent IPCC findings and the latest UNFCCC Synthesis Report, and that the developed countries have collectively emitted more than their estimated emission allowances in 2008-2020 period, they should take greater action on mitigation and provide financial support to developing countries.

Yadav stressed that even at the UNFCCC there is a very urgent need for giving due importance to adaptation and discuss whether the scale of resources is commensurate with the scale of the needs of developing countries.

He also underlined that ambitious climate action in developing countries is dependent on ambitious support from developed countries under the Paris Agreement, and called upon the developed countries to fulfill their promise of the USD 100 billion per year goal made in 2009.

The COP26 summit will bring parties together to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change. (India News Network)

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