India pitches for ambitious climate finance by developed countries

CHOGM

Ahead of the crucial COP21 summit in Paris on November 30, India has pressed developed countries to raise the level of climate finance and technology transfer to enable developing countries to move onto low-carbon growth path.

 Arguing that any ambitious statement emanating from the Commonwealth Heads of Government Meeting (CHOGM)  should be realistic as the discussions in the run up to the COP 21 at Paris have been complex and difficult, India insisted it should not be overloaded at this stage. Indian officials emphasised that the Commonwealth must not pre-judge outcome of the negotiations leading to the Paris climate conference.

India also underlined the need for rich nations to raise the ambition for helping poor countries to switch over to the low-carbon growth trajectory.

Making a strong case on climate finance, Indian officials insisted that developed countries must ensure financing and technology transfer to developing countries to help them reach their target of bringing down carbon emissions. The Commonwealth Summit, which began on November 27 in Malta, is focused on reaching a consensus that would reflect its position on the crucial issue ahead of the COP 21 summit in Paris.

Stressing that the implementation of INDCs must not be mitigation-centric, India underlined that major issues like adaptation and means of implementation were key factors in this regard. India has been vigorously advocating increasing the production of renewables and building resilience capacity in states, having more carbon sync, development of newer technologies and capacity building of vulnerable countries and Least Developed Countries.

India has been vocal in its demand that developed nations should cut greenhouse gas emissions and wants the developed countries to be subjected to tougher reviews than those of developing nations. India has promised to cut the intensity of its carbon emissions by 33 to 35 percent by 2030 from 2005 levels and make its economy more energy efficient.

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