Don’t miss the latest developments in business and finance.

India seeks time to implement Paris climate agreement

Image
Press Trust of India New York
Last Updated : Apr 25 2016 | 5:42 PM IST
India has sought time to implement the Paris climate agreement, saying it should not be done in "haste" and all countries should be allowed to follow their national processes.
"A debate about early entry into force of the Paris Agreement is unfortunate. Early ratification can be understood, but it will take time as per the national processes of approval," Environment Minister Prakash Javadekar said at the Major Economies Forum Meeting here yesterday.
"We should not make haste because Paris Agreement is to be implemented post 2020. There is enough time for ratification and all countries should be allowed to follow their national processes," he said.
According to reports, the US and China are leading a push to bring the Paris climate accord into force much faster aided by a typographical glitch in the text of the agreement.
India on April 22 signed the historic deal along with more than 170 nations, marking a significant step that has brought together developing and developed nations for beginning work on cutting down greenhouse gas emissions.
"Paris agreement is a historical achievement for mankind. All countries should implement it in letter and spirit. After signing of Paris agreement, developed world needs to immediately ratify the Kyoto Protocol second commitment period and should present enhanced pre-2020 actions," he said.
The minister also urged developed nations to announce their "enhanced" pre-2020 climate action plans and undertake the "urgent" task of mobilising USD 100 billion, lack of which will hamper implementation of nationally determined contributions of developing countries.

More From This Section

"The second urgent task to be done is Mobilisation of USD 100 billion. Without this crucial mobilisation, many of the developing countries cannot implement their nationally determined contributions," Javadekar said.
He said the need of the hour is to lay out the complete institutional mechanism for building up on the Paris accord.
"The plan to work for the first meeting of Ad hoc group on Paris Agreement (APA) and additional works by Subsidiary Body for Implementation and Subsidiary Body for Scientific and Technological Advice (SBI/SBSTA)...Should be prepared in consultation with all stake holders as issues covered under these bodes have a direct bearing on the Provisions of the Paris Agreement. There is a need for coherence between COP, APA, SBI, SBSTA and other institutions," he said.
Observing that India has led from the front as far as pre-2020 action is concerned, he said that though it is not mandated to take pre-2020 actions as per Kyoto Protocol, the government led by Prime Minister Narendra Modi has showcased to the world that if there is political will, there is a way.
(Reopens FGN 15)
Noting that the "real" issue is pre-2020 actions of both the developed as well as developing countries, Javadekar said the pre-2020 actions of developed nations should be in accordance with the principles and provisions of the Convention.
"It should be comprehensive, covering all relevant sources, sinks and reservoirs of green house gases, and adaptation as well as finance, technology development and transfer, including of cost effective technologies," he said.
Elaborating about India's actions, Javadekar said that coal cess which has been increased from 70 cents per tonne in 2014 to USD 6 per tonne in 2016 is a "bold" action and if developed countries follow India, they can easily mobilise USD 100 billion per annum, which has remained "elusive" till now.
He termed the government's decision to tax polluting vehicles and incentivising electric and hybrid vehicles as a "major step in the right direction".
"World's largest program launched by India of 175 GW of renewable energy is on track. A new major initiative to expand metro network in next five years to 1,300 km from present 300 km is an ambitious initiative in providing clean public transport to more than 10 million commuters.
"LED bulb program has succeeded beyond any calculations and has already achieved 100 million target and in next four years it will achieve target of 700 million bulbs," he said.

Also Read

First Published: Apr 25 2016 | 5:42 PM IST

Next Story