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Why India's role is pivotal in climate justice and finance
Context:
India, along with other developing countries, is pushing for a new global climate finance target, acknowledging the growing costs of addressing and adapting to climate change.
Equity at COP28
- Ask for climate equity: Leena Nandan, Secretary at the Ministry of Environment, highlights India's focus on adaptation and equity at COP28.
- Importance of Adaptation: Nandan stresses adaptation's vital role in achieving climate justice, alongside traditional mitigation efforts.
- India's Push for Assistance: India advocates financial aid and infrastructure development to support vulnerable nations in combating climate change impacts.
Challenges at COP28
- Priorities at COP28: Focus on mitigation, adaptation, loss and damage, and finance. Stronger emission reduction commitments crucial.
- Critical Climate Finance Issues: Addressing the mobilization of $100 billion annually, supporting climate efforts in developing nations.
- Structural Changes for Climate Finance: Advocates reforming institutions like the World Bank to attract private investment and assist vulnerable nations.
India's Strategic Engagements
- India's Role in Shaping COP28: India actively engages, collaborating with developed and emerging economies, emphasizing climate action.
- Scope for Organizational Engagement: Focus areas encompass circular economy, waste management, sustainable agriculture, renewable energy, water stewardship, collaboration, and youth engagement.
- Demonstrating Commitment to Sustainability: Organizations can showcase initiatives aligning with India's stance, contributing to COP28 outcomes.
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