RENEWABLE ENERGY

Momentum of climate action can be expedited when there is enough financial support: Yadav

The momentum of climate action can be accelerated only when there is enough financial and technological support to developing nations, Union Environment Minister Bhupender Yadav said on Friday.

Speaking virtually on the second and concluding day of the 16 th Environment Ministerial Meeting of G20 countries, Yadav sought that the grouping must respond to the call of science for urgent global climate action in this decade.

“World has waited long enough for the delivery of promised climate finance and technologies at low cost. We should not be shifting goalposts and setting new benchmarks for global climate ambition,” he said.

Yadav informed the meeting that under the leadership of Prime Minister Narendra Modi, India has exhibited exemplary resolve by achieving its voluntary commitment of reducing emission intensity.

Speaking at different sessions on climate change, he underlined the need to cut absolute emissions rapidly while taking into account the Paris Agreement, which emphasised on respective historical responsibilities, delivery of promised climate finance and technologies at low cost keeping in perspective per capita emissions, differences in per capita GDP and the unfinished agenda for sustainable development.

The momentum of climate action can be “accelerated only when there is enough financial and technological support to developing nations”, Yadav said.

Source
ET Energy World
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