Climate finance is crucial for developing countries like India to achieve goals: Union Minister Bhupender Yadav

India recognizes the urgency of strong climate action to stay within the Paris Agreement’s temperature target, Union Environment Minister Bhupender Yadav said on Saturday, reiterating that climate finance is crucial for developing countries to achieve their goals.

The Minister represented India at the pre-COP 26 ministerial plenary hosted by Italy via videoconference from September 30 to October 2 in Milan ahead of the 26th United Nations Conference of the Parties on Climate Change (COP 26).

“India recognizes the urgency of strong climate action during this decade to ensure the world is on track to stay within the Paris Agreement temperature target, as well as to s ‘adapt to its impacts and minimize loss and damage,’ Yadav said.

“Therefore, the outcome of COP 26 must underline the need to bridge the ambition gap by providing the means to support implementation that will allow developing countries to improve their climate actions,” he said. -he declares.

The meeting aimed to pave the way for the 26th COP of the United Nations Framework Convention on Climate Change (UNFCCC) and provide a platform for parties to share their expectations of the conference to be held in Glasgow from 31 October to November 12.

The minister said India strongly believes that the only way to achieve climate goals, especially in mitigation, is through concrete action on fast, secure and sustainable funding.

Tweeting about the meeting, Yadav said: “Stressed that India recognizes the urgency of strong climate action during this decade to ensure we are on track to stay within the temperature target. of the Paris Agreement “. “Climate finance is crucial for developing countries, including India, to achieve their climate goals, and India strongly believes that COP 26 must initiate the process of setting the new collective long-term funding goal. post-2020 climate change, ”he tweeted.

The minister said that climate change is mainstreamed in India’s development strategy and that India has been a forerunner in taking ambitious climate action.

“However, India has a large population which is vulnerable to the impacts of climate change. Therefore, adaptation is one of our country’s top priorities, ”he said.

COP 26 is important this year because it is expected to discuss the state of climate finance pledges from developed to developing countries.

India has repeatedly claimed that it suffers from the mistakes of others and that it is not responsible for climate change.

He also reaffirmed that countries responsible for climate change should fund what they pledged to and make the technology available at an affordable cost.

Under the Copenhagen Accord, developed countries pledged to mobilize $ 100 billion per year by 2020 to help developing countries mitigate climate change.

Under the Paris Agreement, India has three quantifiable Nationally Determined Contributions (NDCs), which include reducing the emission intensity of its GDP by 33-35% from 2005 levels of by 2030; increase the total cumulative electricity production from non-fossil energy sources to 40% by 2030 and create an additional carbon sink of 2.5 to 3 billion tonnes through additional forest and tree cover.