Thursday, 09 December 2021

 

 

LATEST NEWS Charanjit Singh Channi Announces Heritage Street For Talwandi Sabo Charanjit Singh Channi Calls On Jathedar Sri Akal Takht Sahib Giani Harpreet Singh India announce 18-man squad for S Africa Tests, Rohit Sharma named ODI captain India players Mayank Agarwal and Ravichandran Ashwin make big progress in ICC Rankings Women's Asian Champions Trophy Hockey: India player tests Covid-positive, match vs Korea cancelled Usain Bolt's wish comes true, gets invited for T20 League Ashes, 1st Test: Rain ends play early after Cummins leads Australia in skittling out England for 147 UEFA Champions League: Real Madrid seal group leadership as Atletico book place in last-16 Novak Djokovic confirmed for ATP Cup; drops hint he will compete at Australian Open As England slump in opening Ashes Test, Ian Chappell says Joe Root not much of a captain Jude Bellingham fined by German FA for referee comments The Ashes, 1st Test: Pat Cummins leads the way as Australia skittle out England for 147 Winter Olympics: IOC does not foresee any situation to postpone Beijing 2022 Games 'Bigg Boss 15': Ex-contestant Neha Bhasin cheers for friend Shamita Shetty Ankita Lokhande injured ahead of her wedding, advised bed rest Manish Tewari seeks withdrawal of notification extending BSF jurisdiction in Punjab Jagat Prakash Nadda visits Swarnim Himachal Kala Mahotsav Jai Ram Thakur presided over a State Working Committee and Training programme "Punjab Minimum Wages Advisory Board" meets to fix minimum wages for workers 'KatVic' wedding: Wikipedia changes reversed after Vicky, Katrina named as spouses Ashwin Kumar Lakshmikanthan says he often dozes off during narration, directors livid

 

'COP26 should be for delivery of concrete actions on finance, technology transfer'

Bhupender Yadav, BJP, Bharatiya Janata Party, Riyadh, COP26

Web Admin

Web Admin

5 Dariya News

Riyadh (Saudi Arabia) , 26 Oct 2021

Days ahead of the COP26, India has yet again reiterated that efforts to avoid emissions during development process are tied to the availability and level of international financing and technology transfer since most of the developing countries still face complex developmental challenges."Even India's climate actions have so far been largely financed from domestic resources. Maximum share of India's current climate finance comes from budgetary sources. A substantial scaling up of the climate action plans would require greater resources," Union Minister for Environment, Forests and Climate Change, Bhupender Yadav said at the Middle East Green Initiative Summit 2021 at Riyadh in Saudi Arabia.Yadav's intervention at the summit -- with the theme 'Succeeding the Transition to Green Economies: The Role of Sustainable Finance' -- made late midnight India time was about how "India believes that all countries should work together towards making this COP, a COP for delivery of concrete actions on finance and technology transfer.""In this direction, we expect COP26 to initiate the process of setting the long-term climate finance for post-2020. Global leadership is also required to ensure the new collective long-term finance goal," Yadav said.

The COP or the COP26 is the annual climate change conference of the United Nations to be held from October 31 at Glasgow in the UK, wherein, global leaders and delegates would deliberate in fine tuning actions to combat climate change and reduce carbon emissions so as to keep the global temperature rise up to or below 1.5 degrees Celsius compared to the pre-industrial era.To augment the availability of assured targeted resources, India has initiated various steps at the national level for mobilising financing for mitigation and adaptation respectively. These include National Adaptation Fund, Carbon taxation, Tax Free Infrastructure Bonds For Renewable Energy Projects, Green Bonds, etc., the Minister said and recounted how India endeavours to address "all the three dimensions of sustainable development (social, economic and environmental) in a balanced manner.""In addressing the contemporary challenges, it is important to focus on solutions that can help us reach our goals with justice. The need of the hour is a global public partnership to harness technology, innovation, and finance to help developing countries in scaling up their efforts to protect nature," the Minister said.Earlier, Yadav congratulated Saudi Arabia for the ambitious launch of the 'Middle East Green Initiative' and 'Saudi Green Initiative' that will motivate international consensus to deliver on the shared environmental commitments and reminded the august gathering that the findings of the recent IPCC Report 2021 are a final wake-up call for humanity to save mankind from the Holocene extinction. "It is now or never for taking concrete global actions to address climate change," he said.

 

Tags: Bhupender Yadav , BJP , Bharatiya Janata Party , Riyadh , COP26

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2021 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD