India on Monday outlined its expectations for climate action over the next six years during the yearly high-level ministerial meeting focused on pre-2030 goals. Among its main expectations is “mutual trust” among all parties involved.
India IN its declaration, stated that the trust develops on the availability of increased financial resources, technology transfer, capacity-building, and the existence of market-based mechanisms.
The 2024 report on Nationally Determined Contributions (NDCs) does not paint a completely negative outlook, Leena Nandan, the secretary of the Ministry of Environment, Forests, and Climate Change and a member of India’s delegation, noted.
She explained that, by 2030, it is projected that global greenhouse gas emissions will be approximately 2.6% lower than in 2019, suggesting the potential for global emissions to reach a peak before that year. This indicates that all parties have united to achieve a significant milestone in the battle against climate change.
With the submission of the next NDCs next year, there is hope for further improvement in these figures. However, for emissions to peak, the necessary conditions of the NDCs must be met, Nandan emphasized.
Nandan said that, it largely depends on access to increased financial resources, technology transfer, technical cooperation, and support for capacity-building; and the existence of market-based mechanisms. We find ourselves in a critical COP on FINANCE. This is a chance for the developed countries to ensure the success of this COP and to build trust, which is essential for achieving significant milestones in climate goals by 2030.
According to her, by 2030, it is projected that global greenhouse gas emissions will be approximately 2.6% lower than in 2019, suggesting the potential for global emissions to reach a peak before that year. This indicates that all parties have united to achieve a significant milestone in the battle against climate change.
With the submission of the next NDCs next year, there is hope for further improvement in these figures. However, for emissions to peak, the necessary conditions of the NDCs must be met, Nandan emphasized.
This largely depends on access to increased financial resources, technology transfer, technical cooperation, and support for capacity-building; and the existence of market-based mechanisms. We find ourselves in a critical COP on FINANCE. This is a chance for the developed countries to ensure the success of this COP and to build trust, which is essential for achieving significant milestones in climate goals by 2030.
