COP28 | Rising ambitions on climate action must see matching progress on climate finance: PM Modi

PM Modi expresses hope that COP28 would bring fresh impetus to effective climate action and global cooperation in advancing the goals of the UNFCCC and the Paris Agreement. 

December 01, 2023 10:48 am | Updated 10:55 am IST - New Delhi

Prime Minister Narendra Modi being welcomed by the Indian diaspora upon his arrival to attend World Climate Action Summit during COP28, in Dubai, early Friday, Dec. 1, 2023.

Prime Minister Narendra Modi being welcomed by the Indian diaspora upon his arrival to attend World Climate Action Summit during COP28, in Dubai, early Friday, Dec. 1, 2023. | Photo Credit: PTI

Prime Minister Narendra Modi has called for ensuring requisite climate financing and technological transfer to developing countries, asserting that it must be recognised that they have not contributed in creating the climate problem but are still willing to be a part of the solution.

In Dubai to attend the COP28 meeting, Mr. Modi told the UAE-based Aletihad in an interview that he has always maintained that climate change is a collective challenge that demands a unified global response.

Rising ambitions on climate action must see matching progress on climate finance, the Prime Minister asserted.

India, Mr. Modi said, is optimistic that the meeting will inject fresh momentum into effective climate action.

The PM expressed hope that COP28 would bring fresh impetus to effective climate action and international cooperation in advancing the goals of the UNFCCC and the Paris Agreement. 

“India and the UAE stand as partners in shaping a greener and more prosperous future, and we remain steadfast in our joint efforts to influence the global discourse on climate action,” he said.

Speaking on the Indo-UAE ties, he said their partnership in climate action is going from strength to strength, driven by a futuristic vision.

India and the UAE enjoy robust and enduring relations and can join forces in establishing a common grid to enhance energy security, leveraging each other's strengths in the energy sector and providing support to the International Solar Alliance's Global Solar Facility, Mr. Modi told the newspaper.

“India and the UAE stand as partners in shaping a greener and more prosperous future, and we remain steadfast in our joint efforts to influence the global discourse on climate action,” he said.

PM’s 6th visit to UAE

It is his sixth visit to the UAE since becoming prime minister in 2014.

As countries that share a vision of promoting sustainability and renewable energy, India and the UAE have emerged as leaders in global renewable energy efforts, he said, commending the UAE's unwavering commitment to climate action within the renewable energy sector.

On climate finance, often a sticking point during climate talks, Modi said he has always maintained that it is a collective challenge that demands a unified global response.

"It is essential to recognise that developing countries have not contributed in the creation of the problem. Yet developing countries are willing to be a part of the solution,” the Prime Minister said.

 “But, they cannot contribute without access to the financing and technology needed… I have, therefore, advocated strongly for global cooperation for ensuring requisite climate financing and technology transfer,” he said, stressing the importance of ensuring that climate financing flows to the developing world in a practical and assured manner.

He added, "I believe climate action must be based on equity, climate justice, shared obligations and shared capacities. By adhering to these principles, we can forge a path toward a sustainable future that leaves no one behind." As nations pursue climate action it must be ensured that development priorities of the Global South are not compromised, he asserted.

“I am happy that during the recent New Delhi G20 Summit, this aspect has been properly addressed, including through a recognition of the need to rapidly and substantially scale up investment and climate finance from billions to trillions of dollars globally from all sources,” the Prime Minister said. 

The implementation of commitments of developed countries to provide technological and financial support to developing countries needs to be at the forefront of the agenda at COP28, he stressed, adding that rising ambitions on climate action must see matching progress on climate finance.  “At COP28, we hope to have credible progress on the New Collective Quantified Goal (NCQG) on Climate Finance,” he said.

On collaboration between the two countries, he said their cooperation spans the entire energy spectrum, with a strong focus on sustainability.

“Our enduring relationship is founded on multiple pillars, and the dynamism of our ties is expressed by our Comprehensive Strategic Partnership," Mr. Modi said.

The two nations have been actively collaborating on addressing the pressing global challenge of climate change, Mr. Modi said.

Delving into the “futuristic vision” driving India's partnership with the UAE in the climate domain, Mr. Modi said the two countries have had robust cooperation in the area of renewables since 2014, and during his visit to the UAE in July this year they resolved to take forward their cooperation in green hydrogen, solar energy and grid connectivity.

“You would also remember that last year, President His Highness Sheikh Mohamed bin Zayed and I had unveiled a framework for advancing our strategic partnership for the coming decade, which emphasised climate action and renewables,” Modi noted, appreciating the country's investment in this sector in India.

"In my view, there is no doubt that in the years to come, this partnership will play a pivotal role in crafting global solutions to the challenges we currently face in this sphere,” PM Modi said.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.