PM Modi Proposes To Host COP33 Climate Summit in India in 2028, Know Details
Modi Proposes To Host COP33 : Prime Minister Narendra Modi on Friday proposed to host the United Nations Climate Conference in 2028, underscoring that India is among the few countries in the world that are moving forward on the path of fulfilling their climate-related promises.
Also, launched ‘Green Credit Initiative’, which aims towards creating ‘Carbon Sink’ through people’s participation. Participating in several high-level programs on the second day of the United Nations Climate Change Conference (COP28) here, Prime Minister Modi said that developed countries should completely reduce their carbon emissions before 2050 and all developing countries should contribute to the global carbon budget. Their fair share should be given.
He also urged countries to take concrete steps at COP28 on financing to help developing and poor countries cope with climate change.
Addressing the high-level session of Heads of State and Government during the United Nations Climate Conference (COP28), Modi called for proactive and positive earth-friendly initiatives, saying the 'Green Credit Initiative' goes beyond the commercial mindset associated with carbon credits. .
“It focuses on creating ‘carbon sinks’ through people’s participation,” he said. And I invite all of you to join this initiative.'' He stressed that the world does not have much time to correct the mistakes of the last century.
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The initiative is similar to the 'Green Credit' program notified in the country in October. It is a market-based mechanism designed to reward voluntary environmental actions by individuals, communities and the private sector in a variety of sectors.
This initiative involves creating an inventory of barren lands. Which can be used by individuals and organizations for plantation. Participants who take environmentally positive actions will receive tradable green credits.
The entire process from registration to tree plantation, verification and issuance of green credit will be digitalized. The Prime Minister also announced the launch of a global portal to collect ideas, knowledge and experiences related to tree planting and environment protection. The objective of this platform is to influence global policies, practices and demand for green credit.
If India's proposal to host COP33 is accepted. So this will be the next big global summit in the country after the G20 summit held earlier this year.
India hosted COP8 in New Delhi in 2002, where countries adopted the Delhi Ministerial Declaration, which called for technology transfer and efforts by developed countries to mitigate the effects of climate change on developing countries.
Modi, along with Sweden's Prime Minister Ulf Christerson, launched LeadIT 2.0, which aims to co-develop and transfer low-carbon emission technology while providing financial support for transformation of industries in developing countries.
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Addressing a session on 'Transforming Climate Finance' at COP28 here, Prime Minister Modi said India looks forward to concrete and real progress on the 'New Collective Quantified Goal' (NCQG). Which is a new global climate finance target after 2025.
"Developed countries must completely reduce carbon emissions by 2050," he said. In 2009, developed countries pledged to raise US$100 billion per year by 2020 to help developing countries combat climate change. Had promised. Despite the extension of the deadline for this purpose till the year 2025, these countries have not fulfilled this commitment.
COP28 aims to lay the groundwork for a new global climate finance target for post-2025, targeting US$100 billion. These countries aim to finalize this new target by COP29 in 2024.
Modi said that there should be no shortage of money in the Green Climate Fund and Adaptation Fund and these should be replenished immediately. He said multilateral development banks should provide affordable finance not only for development but also for climate action.
Modi was the only leader to join COP28 President Sultan Al Jaber on the stage along with UN Climate Change Executive Secretary Simon Still at the opening session. He said, “In the last century, a small section of humanity exploited nature indiscriminately. However, the entire humanity is having to pay the price for this. Especially people living in the ‘Global South’.”
The Prime Minister said that India and other countries of the 'Global South' have contributed very little to the climate crisis. But these have been affected the most.
“Despite resource constraints, these countries are committed to climate action,” he said. “Climate finance and technology are critical to meeting the aspirations of the Global South,” the Prime Minister said. That the countries of the 'Global South' expect all possible help from the developed countries to deal with the climate crisis.
The 2030 national climate plans of developed countries call for a collective 36 percent reduction in emissions from their 2019 levels to limit the average temperature rise to 1.5 degrees Celsius. The term ‘Global South’ is often used to refer to developing and least developed countries. Which are mainly located in Africa, Asia and Latin America.
"Thinking only about one's own interests will only take the world into darkness," the Prime Minister said. Modi's statement came in the context of how poor and developing countries are facing a changing climate due to rising temperatures due to historic carbon emissions by rich countries. As a result, we have to bear the brunt of climate related extreme events like floods, droughts, heat waves, cold waves etc.
The Prime Minister called for maintaining a balance between climate change mitigation and adaptation and said the energy transition across the world must be “equitable and inclusive”. He called for the transfer of technology from rich countries to help developing countries deal with climate change.
The Prime Minister is advocating ‘Lifestyle for Environment (LIFE Campaign)’. Urging countries to adopt earth-friendly lifestyles and move away from intensive consumerist behaviour. Citing a study by the International Energy Agency (IEA), he said this approach (LIFE campaign) could reduce carbon emissions by two billion tonnes.
He called on countries to work together and take decisive action against the climate crisis. Modi said, “We will cooperate with each other and support each other. We need all developing countries to give their fair share in the global carbon budget.”
Superfast News Coverage By YuvaPatrkaar.com Team
Publish Date : December 02, 2023
Posted By Ravi Kumar
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