The amendment to the Montreal Protocol to phase down hydrofluorocarbons (HFCs), one of the fastest growing and most potent greenhouse gases used primarily in cooling and refrigeration, was done after taking care of the concerns of all the nations, India's lead negotiator Manoj Kumar Singh said after 197 parties amended the Protocol.
The new amendment will reduce global levels of HFCs between 80 and 85 per cent by 2047.
Noting that India has taken a position to have baseline of 2024-26, then freeze year in 2028 and start work thereafter, he said, "we will be having a very good ambition and doing the phase down in time".
The baseline is the year against which each country's consumption of HFCs is capped. Countries will have to reduce HFCs from that capped amount.
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India played a key role in pushing various parties to agree for a "very good phase-down" schedule, Singh claimed.
"It will be ambitious for them and I think developed and developing world work to address climate change and economy also," Singh said.
The Kigali Amendment to the Protocol has created three categories of countries, with different schedules and timetables for reductions, and with the vast majority of countries freezing production and consumption by 2024.
Singh said the developing nations' decision to adopt dual "has really shown the Common But Differentiated Rin true spirit".
The US was forced to withdraw a proposal brought during the fag end of the conference today after Singh pointed out that it was not discussed in the Open Ended Working Group (OEWG) held here last week.