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- India will insist on “action” and a clear pathway that developed countries must follow to deliver long-promised finance to developing countries for adapting to climate change threats, ahead of the 27th edition of the United Nations Conference of Parties (COP) in Sharm-El-Shaikh, Egypt that begins on November 7.
- “This ought to be a COP for action. We will seek clarity on climate finance, technology transfer and clear definitions of what constitutes climate finance.
- There are several claims made on funds being given by the West but loans and grants must be clearly differentiated. We will make a strong case for this, this time,” Mr. Yadav told reporters.
- Several world leaders, including U.S. President Joe Biden and the U.K. Prime Minister Rishi Sunak, are likely to attend the two-week-long summit.
- However, it is unclear if Prime Minister Narendra Modi will attend. A world leaders’ summit is expected on November 7.
- Close to $100 billion annually has been promised to developing countries since 2008 for adapting and mitigating climate change but only a fraction has actually been made available, India and several other countries have maintained through the years.
- India would also support initiatives that provide technical assistance to developing countries for averting, and minimising loss and damage due to the impacts of climate change, and insist on an institutional network to realise these.
- There will be an India pavilion in Sharm-El-Sheikh themed on LIFE (Lifestyle for Environment), a theme frequently articulated by Mr. Modi.
SOURCE: THE HINDU, THE ECONOMIC TIMES, PIB
