India, Auto News, ET Auto
New Delhi:India said on Friday that pledges of low-cost climate finance and technology transfer from developed to developing countries must be fulfilled without delay, and stressed that tackling climate change is a shared global challenge.
Speaking at the Major Economies (MEF) Energy and Climate Forum, convened virtually by US President Joe Biden, Union Environment Minister Bhupender Yadav said development imperatives are as important as the fight against climate change and that no one should be left behind.
âThe fight against climate change is a shared global challenge. Our response must be based on the fundamental principles of equity and common but differentiated responsibilities and respective capabilities.
“Developing countries have consistently risen to the challenge by stepping up ambition and accelerating action. Climate justice requires that promises of low-cost climate finance and technology transfer from developed to developing countries be fulfilled without being fulfilled. delay, “the minister said. said representing India.
He said: âThe call of science has been constant. We humans have caused global warming and it is up to us to tackle the climate crisis with resolute actions, âYadav said. He said the clean energy transition is the key to unlocking solutions to the climate challenge, and India remains at the forefront of global efforts through a very ambitious energy transition to renewable energy.
Noting that India has upped its ambition and announced an ambitious target of 450 GW of renewable energy by 2030, which is “a high bar in all respects”. âIn fact, it’s one of the most ambitious goals in the world. Our installed solar capacity has increased 15-fold in the past six years alone. We have created the International Solar Alliance to harness the sun’s energy and foster international cooperation in the sector.
“Our 153.88 GW non-fossil fuel installed capacity already represents 39.64% of total installed capacity. We are on track to meet and exceed our Nationally Determined Contribution (NDC) in this regard.” , said the minister. The minister said India had bolstered its ambition in biofuels by advancing the date to achieve a 20% ethanol blend in gasoline from 2030 to 2025.
In 2021, we also launched a National Hydrogen Mission to produce hydrogen from clean fuel sources.Bhupender Yadav, Union Minister of the Environment
âIn 2021, we also launched a national hydrogen mission to produce hydrogen from clean fuel sources,â he said. The minister said the NDCs are an important step towards meeting the Paris Agreement temperature targets.
âIndia’s NDCs are ambitious and significantly contribute to the achievement of the Paris Agreement temperature targets,â he said. In addition, we will ensure that our successive NDCs reflect an ambitious progression over existing ones, as required by the Paris Agreement, he said.
The minister also referred to the recent IPCC report, saying he reaffirms that cumulative emissions down to net zero will determine the eventual global temperature that will be reached by the end of the century.
âThe global carbon budget is a finite resource and India has used far less than its fair share. India’s per capita emissions are about a third of the world average. Our share of the world’s population is 17%, but our share of cumulative historical emissions is only four percent. Our current annual emissions are only 5.2 percent of global emissions, âhe said.
âClearly, ‘we are not part of the problem. But we want to be part of the solution to the climate crisis, âsaid the Minister. He said the world needed quick, sustained and deep emission reductions during this decade rather than distant targets.
âIndia is setting the tone, through a concerted push for renewables, hydrogen and biofuels, alongside several sectoral transitions, including electric mobility. Let us unite to keep a Paris-aligned temperature target within reach, with ambitious actions during this decade, âhe said. noted.
Under the Paris Agreement, India plans to reduce its carbon footprint by 33-35% from 2005 levels by 2030 and operate 40% of its total power generation capacity from renewable energies by 2030.
Recently, India and the United States launched the Climate Action and Financial Mobilization Dialogue (CAFMD) as part of the Clean Energy Climate Agenda 2030 as a step towards combating change climate change and reducing carbon emissions.
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