Global Action On Climate Change Contingent On Timely Financing From Developed Nations

Global Action On Climate Change Contingent On Timely Financing From Developed Nations| News

Highlights
  • Mitigation ambition and net zero pledges require enhanced climate finance
  • Resources mobilised must be new and additional, climate-specific: India
  • Scope, scale and speed of climate finance has to increase: India

Glasgow: India, speaking on behalf of the BASIC group, on Monday warned that lack of a serious approach to climate finance will jeopardize the enhanced mitigation and adaptation ambition as well as net zero pledges of parties. India last week said that climate finance cannot continue at the levels decided in 2009 and emphasised that it expects climate finance of USD one trillion “at the earliest” in view of new commitments.  

Richa Sharma, Lead Negotiator and Additional Secretary, Ministry of Environment for India, while delivering the BASIC (Brazil, South Africa, India and China) group statement at the joint stock take plenary at the 26th international climate conference here, said that clear timelines and milestones were required to determine the exact magnitude of the new finance goal.  

Post 2020 mitigation ambition and net zero pledges require significantly enhanced climate finance. The exact magnitude of the new finance goal can be determined through a structured process, with clear timelines and milestones so that we have a new finance goal well before 2025, she said. It is a simple ask from many developing country parties. Yet, what we are getting is more workshops and in session seminars to discuss the new goal. BASIC would like to warn that lack of a serious approach to climate finance will jeopardize the enhanced mitigation and adaptation ambition as well as net zero pledges of parties, she said.

Ms Sharma said that in the interest of transparency and enhanced understanding, the BASIC countries also call for a mandate to SCF (Standing Committee on Finance) to work towards a multilaterally agreed, operational definition of climate finance. She stated that the planet will benefit from strong implementation of the Paris Agreement, particularly in this critical decade. Nations have responded to the ambition gap in mitigation with enhanced NDCs and net zero targets. Pledges and renewed commitments are on the table. We would not like to see the enhanced mitigation ambition meet the same fate as the pre 2020 climate finance ambition. It has been over a decade since the annual USD 100 billion pledge, and the world is still waiting for its mobilization and delivery, the statement said.

The 26th conference of parties to the United Nations Framework Convention on Climate Change (UNFCCC) has been underway at Glasgow, UK since October 31 with participation from nearly 200 countries.

Also Read: PM Modi At G20 Session: India Is Not Only Rapidly Achieving The Paris Agreement Goals But Also Busy Setting Higher Targets

It will conclude on November 12. Expressing its disappointment over the deliberations at the ongoing COP26 climate summit here, India has said that the global action on climate change is contingent on the delivery of timely and adequate financing from developed countries. In a statement at the Presidency Event 1st High-Level Ministerial Dialogue on Climate Finance at the 26th Conference of Parties (COP26) on Monday, India said the scope, scale and speed of climate finance have to increase considerably.

 At the outset, we record our deep disappointment with the deliberations in the COP26 so far, developed countries must accept the historical responsibility and provide the financial resources to developing countries. The global action on climate change is contingent on the delivery of timely and adequate finance. Developed countries had taken a commitment in 2009 to mobilise USD 100 billion per year by 2020 for climate action by developing countries. The promise has not been met, said Chandni Raina, advisor, Department of Economic Affairs, on behalf of India.

She further said that scaling up mobilisation is pertinent given the huge gap between the requirement and the extent of mobilisation. It is imperative that developed country parties act decisively to deliver on their commitment to provide financial support a pre-condition for climate action by the developing countries. The scope, scale and speed of climate finance have to increase considerably, she said. India also said that the key criteria while determining these quantifiable contributions must reflect the commitments made in the convention.  

Also Read: Climate Change Is For Real, Here’s Why We Need To Limit Global Warming And Act Now

 The resources mobilised must be new and additional, climate-specific with an emphasis on public finance, it said. Considering the importance of adaptation for developing countries, the resource flow should be equally available for mitigation and adaptation. India on behalf of LMDC (like-minded developing countries) has submitted a position paper on the definition of climate finance which elaborates on the elements of climate finance as outlined by the Convention and the Paris Agreement. We would like this to be taken into consideration in a meaningful manner, the statement said.  

 We seek greater predictability and transparency in respect of the finance flows and believe that appropriate implementation of Article 9.5 of the Paris Agreement, including a clear outline of the elements that should go into assessing the climate finance provided, is critical, it said. COP21 decision mandates that before 2025, parties shall set a new collective quantified goal from a floor of USD 100 billion per year, considering the needs and priorities of developing countries. Our expectation from the COP is that it would put in place a structured process to arrive at an ambitious new collective quantified goal. Let us not forget that global climate action rests on the shoulders of means of implementation. 

 It is 2021 now and we need a road map on arriving at a consensus on this mandate by 2023. However, the view of the developed countries to have ‘in-session workshops and seminars’ on the matter with questions being raised on who the resource providers would be is a matter of concern, the statement said. Referring to a recent IPCC report on global warming, Raina said that it brings out the deep crisis the world is in and the corresponding declarations of developing countries to reach net-zero emissions is based on the understanding and trust that the financial resources will flow to the developing countries. 

Also Read: We Need To Demand Climate Action & Start Leading A More Sustainable Life: Dia Mirza

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

NDTV – Dettol have been working towards a clean and healthy India since 2014 via Banega Swachh India initiative, which is helmed by Campaign Ambassador Amitabh Bachchan. The campaign aims to highlight the inter-dependency of humans and the environment, and of humans on one another with the focus on One Health, One Planet, One Future – Leaving No One Behind. It stresses on the need to take care of, and consider, everyone’s health in India – especially vulnerable communities – the LGBTQ populationindigenous people, India’s different tribes, ethnic and linguistic minorities, people with disabilities, migrants, geographically remote populations, gender and sexual minorities. In wake of the current COVID-19 pandemic, the need for WASH (WaterSanitation and Hygiene) is reaffirmed as handwashing is one of the ways to prevent Coronavirus infection and other diseases. The campaign will continue to raise awareness on the same along with focussing on the importance of nutrition and healthcare for women and children, fight malnutrition, mental wellbeing, self care, science and health, adolescent health & gender awareness. Along with the health of people, the campaign has realised the need to also take care of the health of the eco-system. Our environment is fragile due to human activity,  that is not only over-exploiting available resources, but also generating immense pollution as a result of using and extracting those resources. The imbalance has also led to immense biodiversity loss that has caused one of the biggest threats to human survival – climate change. It has now been described as a “code red for humanity.” The campaign will continue to cover issues like air pollutionwaste managementplastic banmanual scavenging and sanitation workers and menstrual hygiene. Banega Swasth India will also be taking forward the dream of Swasth Bharat, the campaign feels that only a Swachh or clean India where toilets are used and open defecation free (ODF) status achieved as part of the Swachh Bharat Abhiyan launched by Prime Minister Narendra Modi in 2014, can eradicate diseases like diahorrea and the country can become a Swasth or healthy India.

World

25,14,15,878Cases

21,25,42,567Active

3,38,00,925Recovered

50,72,386Deaths

Coronavirus has spread to 196 countries. The total confirmed cases worldwide are 25,14,15,878 and 50,72,386 have died; 21,25,42,567 are active cases and 3,38,00,925 have recovered as on November 11, 2021 at 4:15 am.

India

3,44,01,670 13,091Cases

1,38,5561,127Active

3,38,00,925 13,878Recovered

4,62,189 340Deaths

In India, there are 3,44,01,670 confirmed cases including 4,62,189 deaths. The number of active cases is 1,38,556 and 3,38,00,925 have recovered as on November 11, 2021 at 2:30 am.

State Details



State

Cases

Active

Recovered

Deaths
Maharashtra

66,20,423 1,094

16,044 899

64,63,932 1,976

1,40,447 17

Kerala

50,34,858 7,540

71,084 560

49,29,153 7,841

34,621 259

Karnataka

29,90,856 328

8,056 72

29,44,669 247

38,131 9

Tamil Nadu

27,11,584 828

10,159 112

26,65,178 931

36,247 9

Andhra Pradesh

20,69,066 348

3,220 13

20,51,440 358

14,406 3

Uttar Pradesh

17,10,236 14

92 7

16,87,240 6

22,904 1

West Bengal

16,00,732 853

7,945 29

15,73,520 809

19,267 15

Delhi

14,40,230 54

388 39

14,14,751 15

25,091

Odisha

10,44,428 387

2,716 66

10,33,344 317

8,368 4

Chhattisgarh

10,06,245 25

223 10

9,92,435 34

13,587 1

Rajasthan

9,54,471 2

44 1

9,45,473 3

8,954

Gujarat

8,26,826 42

215 6

8,16,521 36

10,090

Madhya Pradesh

7,92,924 5

81 7

7,82,319 12

10,524

Haryana

7,71,368 13

118 2

7,61,200 11

10,050

Bihar

7,26,144 6

37 3

7,16,446 3

9,661

Telangana

6,72,987 164

3,746 8

6,65,272 171

3,969 1

Assam

6,13,061 263

3,279 22

6,03,747 284

6,035 1

Punjab

6,02,647 31

242 13

5,85,838 17

16,567 1

Jharkhand

3,48,948 15

150 4

3,43,660 19

5,138

Uttarakhand

3,43,974 8

142 8

3,36,430 16

7,402

Jammu And Kashmir

3,33,490 165

1,230 31

3,27,812 131

4,448 3

Himachal Pradesh

2,25,319 154

1,161 78

2,20,368 71

3,790 5

Goa

1,78,399 32

294 9

1,74,734 22

3,371 1

Puducherry

1,28,302 39

272 5

1,26,167 33

1,863 1

Mizoram

1,26,917 531

5,939 157

1,20,522 371

456 3

Manipur

1,24,250 64

724 17

1,21,586 45

1,940 2

Tripura

84,635 11

134 13

83,685 24

816

Meghalaya

83,942 28

318 1

82,163 28

1,461 1

Chandigarh

65,373 2

22 4

64,531 6

820

Arunachal Pradesh

55,202 5

47 3

54,875 2

280

Sikkim

32,074 16

124 2

31,550 14

400

Nagaland

31,960 9

172 8

31,096 14

692 3

Ladakh

21,087 15

129 4

20,749 11

209

Dadra And Nagar Haveli

10,682

0 0

10,678

4

Lakshadweep

10,365

0 0

10,314

51

Andaman And Nicobar Islands

7,665

9 0

7,527

129

 

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