Countries of the world gathered in COP-29.
Baku (Azerbaijan): This time India did not allow any country’s dominance in the ongoing United Nations Climate Conference in Baku, the capital of Azerbaijan. India on Sunday rejected a climate finance package aiming to provide only US$ 300 billion annually to the ‘Global South’ by 2035. India described it as “very rare and very far-fetched”. India said that the figure of US $ 300 billion of financial assistance for the Global South is much less than the US $ 1.3 trillion that the ‘Global South’ countries have been demanding for the last three years to deal with climate change. This protest by India has further increased the respect of Prime Minister Narendra Modi in the Global South.
Let us tell you that India has now been recognized in the world as the voice of the Global South. Therefore, India did not allow injustice to be done to the Global South. When only India showed the courage to openly oppose this decision, the whole world was stunned to see its courage. The ‘Global South’ refers to the weaker or developing countries of the world. Chandni Raina, advisor to the Department of Economic Affairs, while giving a statement on behalf of India, said that she was not allowed to present her views before adopting the agreement, which has reduced her confidence in the process. He said, “This is a repetition of many incidents like not following inclusivity, not respecting the stance of countries.
What did India say?
We had informed the Speaker, we had informed the Secretariat that we wanted to make a statement before any decision was taken, but everyone saw how it was all pre-planned. We are extremely disappointed.” Raina said, ”This target is very small and very far-fetched.” He stressed that it has been set till 2035, which is very distant. Raina said, “Estimates show that we will need at least US$ 1.3 trillion per year by 2030.” He said, “US$ 300 billion is not in line with the needs and priorities of developing countries. “This is not in line with CBDR (common but differentiated responsibility) and the principle of equity.”
Applause started for India
During this, the Indian negotiator received strong support in the room full of diplomats, civil society members and journalists. Applause started ringing for India on the world stage. “We are very unhappy and disappointed with this process and object to the adoption of this agenda,” Raina said. Nigeria supported India, saying the US$300 billion climate finance package was a “joke”. ‘ Is. Malawi and Bolivia also supported India. Raina said the results clearly show the unwillingness of developed countries to fulfill their responsibilities. He said that developing countries are being most affected by climate change and are being forced to adopt low carbon emissions even at the cost of their development. They are also facing unilateral steps like carbon border adjustment mechanisms adopted by developed countries.
India rejected the proposal
Raina said the proposed outcome will further impact the ability of developing countries to adapt to climate change and will have a significant impact on their development and climate ambitions. “India does not accept this proposal in its current form,” he said. This new climate finance package or New Collective Quantified Target (NCQG) for developing countries will replace the US$100 billion target set in 2009. The report released after negotiations on the agreement said that the countries will achieve the target of providing a total of US $ 300 billion per year by 2035 from various sources – public and private, bilateral and multilateral and alternative sources. The document puts the figure at US$1.3 trillion but calls on “all actors”, including public and private, to “work together” to reach this level by 2035. In this the responsibility has not been put only on the developed countries. (Language)
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