PM Modi calls for synchronized advancements in climate finance to match soaring ambitions on climate action
THE JHARKHAND STORY DESK New Delhi, Dec 1: Insisting that developing nations receive the necessary climate funding and technology transfer, Prime Minister…
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THE JHARKHAND STORY DESK
New Delhi, Dec 1: Insisting that developing nations receive the necessary climate funding and technology transfer, Prime Minister Narendra Modi has called for acknowledging that although they did not cause the climate problem, they are nevertheless eager to contribute to its resolution.
Developing nations need climate financing, tech
“It is essential to recognize that developing countries have not contributed in the creation of the problem. Yet developing countries are willing to be a part of the solution,” PM Modi stated.
“But, they cannot contribute without access to the financing and technology needed… I have, therefore, advocated strongly for global cooperation for ensuring requisite climate financing and technology transfer,” he stated, emphasizing the significance of ensuring a practical and reliable flow of climate financing to the developing world.
Climate change requires unified global response
During his visit to Dubai for the COP28 meeting, Modi stated in an interview with the UAE-based Aletihad that he has consistently upheld the belief that combating climate change necessitates a coordinated worldwide effort.
He further stated, “I believe climate action must be based on equity, climate justice, shared obligations and shared capacities. By adhering to these principles, we can forge a path toward a sustainable future that leaves no one behind.”
The development priorities of the Global South must not be jeopardized as nations seek climate action, he said.
“I am happy that during the recent New Delhi G20 Summit, this aspect has been properly addressed, including through a recognition of the need to rapidly and substantially scale up investment and climate finance from billions to trillions of dollars globally from all sources,” he stated.
COP28 will provide new momentum
He asserted that the top priority for affluent countries at COP28 should be the fulfillment of their promises to developing nations in terms of technology and funding. He also said that as climate action objectives rise, so too must climate financing. “At COP28, we hope to have credible progress on the New Collective Quantified Goal (NCQG) on Climate Finance,” PM Modi stated.
He emphasized that the increasing aspirations for climate action should be accompanied by corresponding advancements in climate finance.
He stated that India is hopeful that the meeting will give effective climate action new impetus.
He expressed optimism that COP28 will provide new momentum to international collaboration and effective climate action to advance the objectives of the Paris Agreement and the UNFCCC.
“India and the UAE stand as partners in shaping a greener and more prosperous future, and we remain steadfast in our joint efforts to influence the global discourse on climate action,” he stated.
