Tatsat Chronicle Magazine

Delivery of Climate Finance and Technologies Must Upscale: Bhupender Yadav

The current pace and scale of climate finance and technology support from developed countries does not match the global aspiration, the environment minister said,
January 28, 2022

Minister for Environment, Forest and Climate Change, Bhupender Yadav has said that current pace and scale of climate finance and technology support from developed countries are not matching the global aspiration to combat climate change and there is a need for upscaling the delivery and targets of implementation support including finance and technologies.

The union minister was addressing the virtual Ministerial Meeting of Major Economies Forum (MEF) on January 27, 2022, hosted by the US Special Envoy for Climate Change John Kerry. Yadav expressed his appreciation for the collective efforts of the parties to the UNFCCC for the outcomes of COP26, especially on the outstanding matters related to the Paris Agreement Rule Book and called for the continued commitment to keep the momentum of climate action in 2022, including in COP 27, and work together to further pursue the efforts building on the COP26 outcomes.

“Further, multilateralism and its rules-based order should be honoured by all without resorting to unilateral measures which would harm other countries,” stated the minister emphasising that the principles and provisions of UNFCCC, including equity and common but differentiated responsibilities and respective capabilities should continue to be the guiding pillars of global efforts to combat climate change.

He reiterated India’s commitments to the ambitious targets, including of 500 GW of non-fossil energy made at the COP 26 summit held in Glasgow in November 2021. He said that India has embarked upon one of the most ambitious energy transition programmes in the world.

Bhupender Yadav emphasised that Prime Minister Narendra Modi’s call at COP26 to the world community to embrace the mantra of LIFE – Lifestyle for Environment must become a mass movement on sustainable lifestyles to combat climate change. It will help the global community to accelerate climate actions and bridge the gaps in global climate-resilient transition, he added.

Jyoti Verma

The writer is a media professional based in Delhi. She has been writing on diverse subjects, including sustainable businesses, environment and climate change, health and education and others.