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Developed countries should achieve net zero by 2030: Bhupendra Yadav

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After the announcement of ambitious climate goals, India said that developed countries should take the initiative to achieve the target of net zero by 2030 instead of 2050. Talking to reporters here, Environment, Forest and Climate Change Minister Bhupendra Yadav said that it has become clear from the IPCC report that by 2050, the world will have to achieve the target of zero emissions to limit the temperature increase to one and a half degrees. India has also announced its targets accordingly. We have met and amplified the targets announced in Paris. Therefore, it is also the responsibility of the developed countries to meet their net zero targets before time. Yadav said that they should meet this target by 2030.

Yadav said that even developed countries should not delay with regard to climate finance. They must provide climate finance to developing countries. And they are not giving this amount in bailout. Rather, it is their historical responsibility to do so. It is their responsibility to fulfill what they promised. They are not doing any charity by providing climate finance to poor and developing countries.

Yadav said that India is also one of the most affected countries due to climate effects. India achieved its targets so far. For this he has so far used only government resources. But climate finance is essential for the goals to be achieved ahead. But developed countries should also understand that investments in the climate sector should not be considered climate funding.

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In fact, in this matter, Prime Minister Narendra Modi also talked about transparency regarding climate financing. After which it has been said on behalf of the CAP President that its provisions are being made in the new system. Yadav said it shows that it confirms India’s stand. He said that along with climate finance, developed countries also have to be transparent about green technologies.

Yadav said that there is a need to increase the amount in the adaptation fund. But overall it will depend on what the market mechanism decides in the coming days. He said that India is leading the developing countries and we believe that developed countries should also fulfill their responsibility regarding climate finance and green technologies.

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