Noting that the agreement acknowledges and recognises the development imperatives of India and other developing countries, Environment Minister Prakash Javadekar said the accord also supported their right to development and their efforts to harmonise development with environment, while protecting the interests of the most vulnerable.
"Today is a historic day. What we have adopted is not only an agreement but a new 'chapter of hope' in the lives of 7 billion people. Mahatma Gandhiji used to say that 'we have not inherited earth from our ancestors, but we have it on loan from future generations," Javadekar said.
Javadekar, however also said the agreement could have been more ambitious as the actions of developed nations are "far below" than their historical responsibilities and fair shares.
"The actions of developed countries are far below their historical responsibilities and fair shares. We have in the spirit of compromise agreed on a number of phrases in the agreement," he said.
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Javadekar said the conference also witnessed the launch of the historic International Solar Alliance under the leadership of Prime Minister Narendra Modi which he termed as "path breaking" in providing unprecedented boost to solar energy development.
"The agreement also acknowledges the importance of sustainable lifestyles and sustainable consumption patterns. We are also happy that the agreement differentiates between the actions of developed and developing countries across its elements," Javadekar said.
Noting that India has consistently said that the path to climate ambition must be paved with equity, he said that the accord has recognised it.
India was engaged constructively and in good faith
"For us, this agreement is yet another step in a journey we have already started. I hope that Paris will mark the new beginning, where commitments made will be fulfilled," Javadekar said.
"It is India's hope that the Paris Agreement will fulfil the wishes of Mahatma Gandhi who said 'We should care for a world we will not see'," he said while thanking as well as congratulating French Presidency for vision and patience.
"Today I hope that the commitments made are fulfilled. This will be new beginning. Paris has succeeded. It was under terror attack last month. This month Paris has proved that world comes together and that is the answer to mitigate the challenge posed by climate change," Javadekar said.
"This is historic because it was not easy that all countries will agree to a reasonable ambitious deal. This has given a new hope, a new lease of life," he said.
"To achieve big things as there are languages and many issues, when 196 countries are putting their efforts together, you need to be accommodative without changing the thrust of the agreement. We have done everything to maintain that thrust," he said.
It will be continuous work from here till 2020 to have new mechanisms. At the same time, all nations are bound by indc and they will be reporting.
He said that there were no obligations for developing countries as the agreement has differentiated treatment which is logical.
An official statement said that the Paris Agreement for the first time brings all nations into a common cause based on their historic, current and future responsibilities.
The universal agreement's main aim is to keep a global temperature rise this century well below 2 degrees Celsius and to drive efforts to limit the temperature increase even further to 1.5 degrees Celsius above pre-industrial levels.
To reach these ambitious and important goals, appropriate financial flows will be put in place, thus making stronger action by developing countries and the most vulnerable possible, in line with their own national objectives, it said.