India on Sunday said that developed countries need to reach net zero emissions faster to enable emerging economies have some “carbon space...
India on Sunday said that developed countries need to reach net zero emissions faster to enable emerging economies have some “carbon space” to drive growth.
“All the countries put together will be net zero [emmissions], which means that developed countries, which have already enjoyed the fruits of low cost energy for several years will have to go in for net zero much faster, and possibly even going for net negative so that they can release policy space and some carbon space for the developing countries to pursue their development agenda,” said Union Commerce Minister Piyush Goyal.
He was addressing a press conference ahead of the United Nations Climate Change Conference of the Parties, or COP26. The COP summits are yearly meetings held within the United Nations Framework Convention on Climate Change. This year’s summit is being held in Glasgow and the 26th such meeting.
Goyal said that the countries at the G20, or Group of 20, Summit have adopted the Rome Declaration that acknowledges that the developed countries have not done enough to meet their commitments and need to be forthcoming with finance and technology.
“And for the first time, the G20 has identified sustainable and responsible consumption and production, along with provision of finance and technology, as critical enablers...
