New Delhi (NVI): With the exception of climate finance issues, India considers the outcome of COP25 a balanced one, which addresses concerns of all parties, especially developing countries and provides necessary building blocks for successful implementation of the UNFCCC and its Paris Agreement, Environment Minister Prakash Javadekar said.
“India engaged constructively in negotiations while protecting India’s key interests including consideration of principles of equity and Common but Differentiated Responsibilities and Respective Capabilities (CBDR-RC), need for enhanced means of implementation including climate finance, technology transfer at affordable costs and capacity-building support, from developed to developing countries in accordance with their obligations under the UNFCCC and Paris Agreement”, Javadekar said while addressing a press conference here today.
The crucial COP25 meeting was held in Madrid, Spain under the Presidency of Chile from December 2 to 15. The conference, which was expected to conclude on December 13, was extended till 15th, to arrive at a consensus on a range of issues, particularly Article 6 of Paris Agreement, Warsaw International Mechanism for Loss and Damage associated with climate change impacts and climate finance.
He said, “Prime Minister Narendra Modi has increased the target for renewables from 175 Giga Watts to 450 Giga Watts at the recent UN Climate Action Summit. India is simultaneously progressing on solar, biomass and wind energy”.
The COP25 decision, titled Chile Madrid Time for Action, emphasises the continued challenges that developing countries face in accessing financial, technology and capacity-building support, and recognises the urgent need to enhance the provision of support to developing country parties for strengthening their national adaptation and mitigation efforts, an official statement said.
The decision also recalls the commitment made by developed country parties to a goal of mobilising jointly USD 100 billion per year by 2020 to address the needs of developing countries.
On the issue of global ambition for combating climate change, the decision adopted provides for a balanced and integrated view of ambition that includes not only efforts for climate change mitigation, but also for adaptation and means of implementation support from developed countries to developing countries.
