Global Climate Ambition and India's Stand
India highlights the inadequate global climate ambition a decade after the Paris Agreement. It calls for developed nations to accelerate emission cuts and deliver promised climate finance.
India's Participation in the Tropical Forests Forever Facility (TFFF)
- India joined Brazil’s new global fund for tropical forests as an observer.
- The Tropical Forests Forever Facility (TFFF) was launched by Brazil to reward tropical countries for protecting and expanding forests.
- The fund aims to mobilize around USD 125 billion through public and private investment.
Call for Enhanced Global Response
At the COP30 in Belem, Brazil, India stresses the need for reflection on the global response to the challenge of global warming, celebrating the legacy of the Rio Summit.
Inadequacy of Global Climate Ambition
- India remarks that many nations' nationally determined contributions (NDCs) fall short.
- Developing countries continue decisive climate action, while developed countries must accelerate emission reductions.
- India urges developed nations to reach net zero sooner and invest in net negative emissions.
Focus on Adaptation and Finance
- India emphasizes the importance of adaptation to address climate risks, especially in developing countries.
- Access to affordable finance, technology, and capacity building is vital for implementing ambitious NDCs.
- Equitable, predictable, and concessional climate finance remains crucial for achieving global climate goals.
India's Domestic Achievements
- Between 2005 and 2020, India reduced the emission intensity of its GDP by 36%.
- Non-fossil fuel-based power accounts for over half of India's total installed capacity.
- India's forest and tree cover has expanded to 25.17% of its geographical area, creating an additional carbon sink of 2.29 billion tonnes of CO2.
- With around 200 GW of renewable energy, India is the world’s third-largest producer.
International Collaborations and Future Vision
- India launched the International Solar Alliance with France in 2015, promoting affordable solar energy and South-South cooperation.
- The future decade of climate action should emphasize implementation, resilience, and shared responsibility based on mutual trust and fairness.