Draft version of the deal addresses the concerns that India had expressed. This is a big step towards a low carbon economy and I congratulate everybody who participated at the Conference of Parties (COP)-21 and demonstrated a unified vision to mitigate climate change. Prime Minister Narendra Modi’s vision of working towards a greener tomorrow is now a reality.
The draft of the deal proposes limiting global warming to “well below” 2 degrees Celsius and committing $100 billion a year from 2020 to help developing countries cope with the problem. India has pushed for the concept of ‘differentiation’ to be clearly spelt out in all elements of the agreement, and had proposed that developed countries must have a greater responsibility to accept emission reduction targets while they must be the only ones to mandatorily provide financial resources.
The content of the draft deal is an “important achievement” for India. Sustainable lifestyles and climate justice” are mentioned in the final draft of the agreement. I am happy to see that draft addresses the concerns of India. Differentiation for developed and developing countries is mentioned across all pillars of action – mitigation, adaptation, finance, technology capacity and transparency.Renewable sources of energy will therefore play a critical role in emission reduction and make a real impact on mitigating climate change risks. I urge all countries to collaborate in order to a build a sustainable future.