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India’s response to Climate Change: Challenges and Way forward

  • Category
    Environment
  • Published
    28th Mar, 2019

More than three years after the Paris Agreement was finalized at COP21, it is evident that the developing world is unlikely to receive even the modest amount of US$100 billion annually in climate finance by 2020.

Given the weak efforts of the developed world to assist the developing countries so far, India has had to chart a path largely through its own economic and financial arrangements.

Issue

Context:

More than three years after the Paris Agreement was finalized at COP21, it is evident that the developing world is unlikely to receive even the modest amount of US$100 billion annually in climate finance by 2020.

Given the weak efforts of the developed world to assist the developing countries so far, India has had to chart a path largely through its own economic and financial arrangements.

Background:

SDG 2030 and Paris agreement paved a guided path to attain Green, low carbon intensive and all inclusive sustainable growth.

Before these policy terms are critically analyzed with reference to India and other developing economies, it is important to briefly list their important attributes.

Paris Agreement

  • It opened for signature on 22 April 2016 – Earth Day – at UN Headquarters in New York.
  • It entered into force on 4 November 2016, 30 days after the so-called “double threshold” (ratification by 55 countries that account for at least 55% of global emissions) had been met.
  • It is aimed to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius.
  • The agreement also aims to increase the ability of countries to deal with the impacts of climate change, and at making finance flows consistent with a low GHG emissions and climate-resilient pathway.
  • It requires all Parties to put forward their best efforts through “nationally determined contributions” (NDCs) and to strengthen these efforts in the years ahead.
  • This includes requirements that all Parties report regularly on their emissions and on their implementation efforts.
  • There will also be a global stock take every 5 years to assess the collective progress towards achieving the purpose of the agreement and to inform further individual actions by Parties.
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