ENVIRONMENT

We will demand equal distribution of carbon space, fresh finance at Glasgow COP26: Javdekar

India will demand equitable distribution of carbon space along with fresh finance in the upcoming Glasgow COP26 Summit, said environment minister Prakash Javadekar at the Economic Times Energy Leadership Summit 2021 on Friday.

He said that climate change was a result of 200 years of unbridled carbon emissions from industrialised countries and has not happened overnight.

“Can’t we demand an equitable share of energy? We require energy and carbon space. Developed world must decide on this,” said Javdekar. The minister said that India’s contribution to historical emissions was just 3 per cent and now much of the carbon space of the world has already been consumed.

“It was promised in 2009 that $100 billion would be given to developing countries for adaptation and mitigation but practically nothing is on the table. Now, the bill is $1.1 trillion. We are pursuing it… We want new finance and not the grants converted into climate finance,” the minister said.

India’s per capita annual electricity consumption is 1,100 kilowatt hour (kwh) while that of the US is 11,000 kwh and many other european countries have 7,000-10,000 kwh, he said.

Source
ET Energy World
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