Two government representatives have stated that India will utilize the impending U.N. Climate summit to encourage developed countries to keep their pledge to contribute $100 billion annually to help developing countries combat climate change and transition to greener energy.
The cost of both decarbonization and coping with the impact of climate change will be huge
According to the sources, New Delhi would reiterate at the COP27 conference its commitment to doing everything in its ability to stop global warming.
“The cost of both decarbonization and coping with the impact of climate change will be huge and that is why those who have disproportionately contributed to greenhouse gas emissions shouldn’t delay the funding,” one of the sources said, as reported by Reuters.
“And that is why India will speak for itself and other developing nations to ensure that there is a clear, complete roadmap for the funding that should immediately start flowing,” he added.
India is the third-largest emitter of greenhouse gases in the world
In order to help developing countries deal with the repercussions of global warming, the industrialized countries that are most to blame made a 2009 commitment to pay $100 billion annually by 2020. Some poor nations are hesitant to speed up their carbon reductions because the pledge has yet to be carried out.
Despite having much lower emissions per person, India is the third-largest emitter of greenhouse gases in the world, after China and the United States, according to Our World Data. While working to provide its 1.4 billion residents with more affordable energy, India has been boosting its usage of renewable energy, but coal continues to be the nation’s principal fuel for creating electricity. (https://www.enov8.com)