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India is not a part of the greenhouse gas problem: Environment minister

India is not a part of the greenhouse gas problem: Environment minister

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India is not a problem for the greenhouse gas emissions problem, but it will play a significant role in the solution to climate change,” Union Environment Minister Bhupender Yadav stated Wednesday.

He claimed that developed nations were not delivering on their promises of technology transfer and climate finance.

Participating in Raisina Dialogue 2022 that entered its third year, Yadav said that India was determined for economic prosperity and to increase its renewable energy capabilities.

“We are determined and committed to economic prosperity and fulfilling the aspirations of our people. The countries that have already contributed a significant amount to their carbon emissions are not allowed to ask the developing nations for help in achieving their people’s aspirations.

“We are very clear about the fact that there is no coal phase-out, but only phase-down. India is committed to enhancing its renewable power capacity simultaneously,” said the minister of environment.

He stressed the necessity of technology transfer because climate change has gripped our world and developing nations are in desperate need of climate finance.

“There is so many technology that must be transmitted. India is also working to develop green technology such as the hydrogen mission. Yadav explained that green technology advancements in the world must be made available to developing countries.

He referred to Prime Minister Narendra Modi’s “Panchamrit” (five elixirs), for India, which were revealed at COP 26, in Glasgow, UK, last January, and stated that these are India’s contributions towards solving the global emission problem.

The ‘Panchamrits are’ — India’s nonfossil fuel energy potential will reach 500 gigawatts in 2030; meet 50% of its energy needs from renewable energy by 2030; reduce its total carbon emission by 1 Billion tonnes till 2030; reduce its carbon intensity by 45 percent by 2030 and achieve its net-zero goal by 2070

While Yadav reiterated the ‘Panchamrits, he said that there is “no planet A”.

“Developed countries are not living up to their promises of money. Technology transfer is also not taking place in the manner that is needed.

“India is among the few G20 countries which have achieved their nationally determined contributions and targets. He stated that many countries have refused to increase their NDCs following COP.

The minister also stated that India is a partner at three major forums.

India and the UK have established a forum to discuss disaster resilience infrastructure. India is a member of LeadIT with Sweden, and of the International Solar Alliance with France for green energy. “One Sun One Grid One World”, a new initiative in the ISA was announced at COP 26, he said.

Yadav stated that India has taken numerous steps to make it easier for foreign investors to do business in India.

“Our government has taken several steps to facilitate business in the country. We met with other countries that are willing to invest in India. The impact of climate change on vulnerable countries is greater.

“Climate finance must be provided to developing nations. Technology transfer and climate finance must also be provided.” “Developed countries expressed deep regret that they have not fulfilled their climate finance commitment in the final declaration at COP 26, he stated.”

(Only the headline, picture and text of this report may have been modified by Business Standard staff; all the rest of the content is generated from a syndicated feed.

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