New Delhi: Climate change is the biggest crisis for the world, and to achieve net-zero target by 2050, developed countries will have to advance their emissions target to 2040, India’s G20 Sherpa Amitabh Kant said on Wednesday (November 1). Addressing ‘The Energy Transition Dialogues’ organised by ORF, Mr Kant said 80 per cent of growth in the world economy will come from emerging economies. He said,
Climate change is the biggest crisis before us… therefore there has to be a huge sense of urgency and that… must come from G7 countries and China.
Spoke at the Energy Transition Dialogue 2023 organised by ORF and highlighted the importance of Green Development Pact for sustainable future and its major goals including Hydrogen Principles, Tripling RE Capacity Targets & Global Biofuels Alliance in achieving the net zero… pic.twitter.com/lqRgzcBOIK
— Amitabh Kant (@amitabhk87) November 1, 2023
Net-zero emissions mean that the world is not adding any further emissions to the atmosphere. He said,
If you want to achieve net zero by 2050, the developed world, which has occupied almost 90 per cent of the carbon space in the world, needs to advance its net zero target to 2040.
India has committed to going net zero by 2070 and China by 2060.
The Group of Seven (G7) nations have committed to reaching net-zero emissions by 2050.
Mr Kant emphasised on the need to restructure international financial institutions. He said,
You (developing countries) need long-term lending for sustainable development and infrastructure.
Also Read: India To Achieve 500 GW Renewables Target Before 2030 Deadline: Union Minister R K Singh
Noting that there is no shortage of funds in the world, he lamented the inability of multilateral financing agencies in raising funds from the private sector.
Multilateral lending institutions must also move to indirect lending, he said.
He highlighted the importance of the Green Development Pact for sustainable future and its major goals, including Hydrogen Principles, Tripling RE Capacity Targets and Global Biofuels Alliance in achieving the net zero target.
The G7 comprises the US, France, the UK, Italy, Germany, Canada and Japan, represent the world’s richest democracies.
Recently, India underlined that the target of achieving net-zero emissions by 2050 should be based on the principle of equity, with developing countries peaking later, given their respective sustainable development paths, while developed countries should do a net-minus.
Recently, UN Secretary-General Antonio Guterres had stressed that emissions must fall by half by 2030 and reach net-zero emissions no later than 2050 to reach the 1.5 Celsius goal of the Paris Agreement.
(This story has not been edited by NDTV staff and is published from a syndicated feed.)
NDTV – Dettol have been working towards a clean and healthy India since 2014 via the Banega Swachh India initiative, which in its Season 10 is helmed by Campaign Ambassador Ayushmann Khurrana. The campaign aims to highlight the inter-dependency of humans and the environment, and of humans on one another with the focus on One Health, One Planet, One Future – Leaving No One Behind. It stresses on the need to take care of, and consider, everyone’s health in India – especially vulnerable communities – the LGBTQ population, indigenous people, India’s different tribes, ethnic and linguistic minorities, people with disabilities, migrants, geographically remote populations, gender and sexual minorities. In a world post COVID-19 pandemic, the need for WASH (Water, Sanitation and Hygiene) is reaffirmed as handwashing is one of the ways to prevent Coronavirus infection and other diseases. The campaign will continue to raise awareness on the same along with focussing on the importance of nutrition and healthcare for women and children, fight malnutrition, mental well-being, self-care, science and health, adolescent health & gender awareness. Along with the health of people, the campaign has realised the need to also take care of the health of the eco-system. Our environment is fragile due to human activity, which is not only over-exploiting available resources, but also generating immense pollution as a result of using and extracting those resources. The imbalance has also led to immense biodiversity loss that has caused one of the biggest threats to human survival – climate change. It has now been described as a “code red for humanity.” The campaign will continue to cover issues like air pollution, waste management, plastic ban, manual scavenging and sanitation workers and menstrual hygiene. Banega Swasth India will also be taking forward the dream of Swasth Bharat, the campaign feels that only a Swachh or clean India where toilets are used and open defecation free (ODF) status achieved as part of the Swachh Bharat Abhiyan launched by Prime Minister Narendra Modi in 2014, can eradicate diseases like diahorrea and the country can become a Swasth or healthy India.
