Monday, May 23rd, 2022 08:38:36

Developed countries must implement financial and technological commitments : Prakash Javadekar

Updated: July 8, 2020 12:34 pm
Environment Minister Prakash Javadekar on Tuesday said, developed countries must implement the financial and technological commitments under UNFCCC and Paris agreement. Representing India at the fourth edition of the virtual Ministerial on Climate Action, Javadekar said, India has taken very significant steps for combating climate change and will continue its efforts in the future also.

He called upon developed country parties, once again, to do their part as envisaged under UNFCCC and Paris Agreement, for extending financial and technological support to developing countries. The Environment Minister said, the promise of one trillion dollars by 2020 has not been fulfilled so far, and expressed hope that in the remaining 5 months of 2020, the promised amount will be mobilized and delivered for further strengthening climate actions in developing countries.

Highlighting India’s efforts, the Environment Minister said, India has achieved reduction of 21 percent in emission intensity of its GDP between 2005 and 2014, thereby achieving its pre-2020 voluntary target. He said, India’s renewable energy installed capacity has increased by 226 percent in last 5 years and stands at more than 87 Gigawatt. The share of non-fossil sources in installed capacity of electricity generation increased from 30.5 percent in March 2015 to 37.7 per cent in May 2020.

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