ENVIRONMENT

Climate talks: India links success of COP26 with climate finance and transfer of green tech at low cost

Linking the success of forthcoming 26th session of the UN climate conference (COP26) with climate finance and transfer of green technologies at cost, India on Monday said these two issues were the “critical enablers for climate action” without which meaningful pathways to low carbon development would not be realised.

“Climate finance shall not be seen as commercial investment, but as help to developing countries to meet climate goals with no one left behind,” said environment minister Bhupender Yadav while virtually addressing a roundtable on climate action on the sidelines of the UN General Assembly.

He appealed to participants from developed countries, including UK prime minister Boris Johnson, French president Emmanuel Macron and German Chancellor Angela Merkel, to act on climate finance issues with focus on three essential ‘Ss’ – “scope, scale and speed”.

Yada also underlined the need to focus on ‘adaptation’ so that the developing countries could prepare themselves for facing the challenges of climate change.

Source
ET Energy World
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