The pain of Paris is yet to heal. So, I speak in admiration for your resilience and resolve. And, I salute the world for standing, in full strength, with France and Paris.Over the next few days, we will decide the fate of this planet. We do so when the consequences of the industrial age powered by fossil fuel are evident, especially on the lives of the poor.The prosperous still have a strong carbon footprint. And, the world’s billions at the bottom of the development ladder are seeking space to grow.
So, the choices are not easy. But, we have awareness and technology. We need now national will and a genuine global partnership.Democratic India must grow rapidly to meet the aspirations of 1.25 billion people, 300 million of whom are without access to energy.We are determined to do so, guided by our ancient belief that people and planet are inseparable; that human well being and Nature are indivisible.So, we have set ambitious targets. By 2030, we will reduce emissions intensity per unit GDP by 33-35% per cent of 2005 levels, and 40 per cent of our installed capacity will be from non- fossil fuels.
We will achieve it by expanding renewable energy – for, example, by adding 175 Gigawatts of renewable generation by 2022. We will enlarge our forest cover to absorb at least 2.5 billion tonnes worth of carbon dioxide.We are reducing dependence on fossil fuel through levies and reduction in subsidies; switching sources of fuel where possible; and, transforming cities and public transportation.We hope advanced nations will assume ambitious targets and pursue them sincerely. It is not just a question of historical responsibility. They also have the most room to make the cuts and make the strongest impact.
And, climate justice demands that, with the little carbon space we still have, developing countries should have enough scope to grow.This also means aggressive mitigation action by developed countries before 2020, including ratification of 2nd Commitment period of Kyoto Protocol, removing conditions and revisiting targets.The principles of equity and common but differentiated responsibilities must remain the bedrock of our collective enterprise across all areas – mitigation, adaptation and means for implementation. Anything else would be morally wrong; and disparities.
Equity means that national commitments must be consistent with the carbon space nations occupy.We also need a strong Agreement on Adaptation and Loss and Damage.Developed countries must fulfill their responsibility to make clean energy available, affordable and accessible to all in the developing world. This is in our collective interest.So, we look to the developed countries to mobilize 100 billion US Dollars annually by 2020 for mitigation and adaptation in the developing countries. They must fulfill their commitment in a credible, transparent and meaningful manner.
Energy is a basic human need. So, we need an ambitious technology initiative, driven by a public purpose, not just market incentives. For this, we need to scale up Green Climate Fund that will improve access to technology and intellectual property.We still need conventional energy. We should make it clean, not impose an end to its use. And, there should be no place for unilateral steps that become economic barriers for others.We welcome stocktaking that is transparent, covers both support and commitments, and based on differentiation.
Ultimately, for success, moderating our lifestyle is necessary, and possible, for a low carbon future.Excellencies,The presence of 196 countries tells us that we have a chance to unite behind a common purpose.We will succeed if we have the wisdom and courage to craft a genuinely collective partnership that balances responsibilities and capabilities with aspirations and needs.I am confident that we will.