NEW DELHI: Despite not being a traditional contributor to global emissions, India is demonstrating its desire to be a problem-solver, according to Bhupender Yadav, Minister of Environment, Forest and Climate Change, Government of India, who spoke at the opening ceremony of the G20 Environmental and Climate Ministerial Meeting in Bali, Indonesia. According to him, the promise of climate funding from wealthy nations is still a mirage, and it is now moving at a rate that is not keeping up with the desire of the entire world to address the climate catastrophe.
Yadav added that the nations historically responsible for the majority of the accumulated atmospheric concentrations of greenhouse gases bear the primary responsibility for the transition to net-zero emissions. In recent years, he said, India has made outstanding strides toward electrifying every home, rapidly expanding access to clean cooking energy, and serving as one of the world’s greatest marketplaces for the deployment of renewable energy. He claimed that the National Green Hydrogen Mission has been a game-changer for decreasing emissions from difficult to regulate sectors.
Yadav also said that in order to scale up climate funding to double 2019 levels by 2025, investments at reduced costs and creative models are required. He argued that creating low-carbon technologies requires new strategies. The world’s poorest nations are bearing the brunt of the climate issue because they lack the resources and technology needed to significantly change the status quo.
He urged the G20 nations bear the responsibility for oceans, because these coastal countries collectively have 45 per cent of the world’s coastlines.