Developed countries must meet their funding and technology transfer commitments: PM Modi | India News

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NEW DELHI: Signaling developing countries’ concerns about their inability to pursue an expensive route of climate action without support, Prime Minister Narendra Modi said on Wednesday that successful climate action requires “adequate financing” and noted how point “very little has been done” by the rich nations despite their promises in the past while India has always kept its promises.
“We have heard people describe our planet as fragile. But it is not the planet that is fragile. It’s us. We are fragile. Our commitments to the planet, to nature, have also been fragile. 50 years since the Stockholm Conference of 1972. Very little has been done. But in India, we followed the chops,” Modi said. His remarks could remind developed countries of their broken promises, both in terms of a pre-2020 mitigation target and the extension of financial and technological support to developing countries to take adaptation action.
The Prime Minister was delivering his inaugural speech at the World Summit on Sustainable Development (WSDS), organized by the Energy and Resources Institute (TERI). Environment Minister Bhupender Yadav and delegates from around the world attended the Summit virtually.

Referring to India’s approach, Modi said, “Our culture, our rituals, our daily practices and our many harvest festivals demonstrate our close ties to nature. Reducing, reusing, recycling, recovering, redesigning and re-manufacturing are part of India’s cultural ethic. India will continue to push for climate-resilient policies and practices, as we have always done.”
He said: “I strongly believe, and I’m sure you will agree, that environmental sustainability can only be achieved through climate justice. The energy needs of the Indian people are expected to nearly double over the next twenty years. denying life itself to millions.”
He raised the issue of “climate justice” and “climate finance” in the context of enhanced climate action commitments where all countries are expected to work towards decarbonizing their economies to meet the global emissions target. “net zero”. Although India too has raised its ambition and taken a series of actions to move towards a low energy growth trajectory, the country has always maintained that giving access to clean energy to the poor remains his priority.
“Equitable access to energy for the poor has been the cornerstone of our environmental policy,” Modi said while explaining how India has been working on this front through “Ujjwala Yojana” (providing the access to clean cooking fuel) and the PM-KUSUM program by adopting renewable energy to farmers by encouraging them to install solar panels and solar pumps.
Referring to India’s plans on establishing the National Hydrogen Mission, the Prime Minister called on academic and research institutes like TERI to come up with “scalable solutions” to realize the potential of green hydrogen.
In his address, Modi also touched on the issues of “lifestyle” and “circularity” for sustainable resource use, and called on world leaders to adopt the LIFE (Lifestyle for the Environment) approach and Pro Planet People (3 Ps) for sustainability. He said: “LIFE is about making lifestyle choices to improve our planet. LIFE will be a coalition of like-minded people around the world who will promote sustainable lifestyles. I call them 3P – Pro Planet People. This global movement of Pro Planet People (3-Ps) is the Coalition for LIFE.”
TERI, on the occasion, announced the “Sustainable Development Leadership Award 2022” which was to Michael R Bloomberg, United Nations Special Envoy for Ambition and Climate Solutions, and Founder of Bloomberg LP and Bloomberg Philanthropies, for his work on the fight against climate change.
“We all know we have a lot of work to do and not a moment to lose. The good news is that every action we take to fight climate change will also grow the economy, create jobs and protect people’s health. India is leading by example and it was great to see the country making ambitious climate commitments at COP26. Our company and foundation work with public and private sector leaders in India to help the country achieve its goals. We’re all in this together,” Bloomberg said of accepting the award.

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