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Synopsis: The U.S.-India climate pact has the prospective to support sustainable post-pandemic development.
Introduction
- Lately, U.S. President Joe Biden organized the Leaders Summit on Climate involving nations in charge of the highest carbon emissions.
- This is a tiny assurance in a pandemic-stricken world that future growth paths will be aligned away from fossil fuels.
- However, the International Energy Agency believes that there will be a rise in emissions as countries want to get rid of the impact of the coronavirus.
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How the India-US Climate Pact can tackle the dangers of climate change?
The U.S.-India Climate and Clean Energy Agenda 2030 Partnership increases hope. The upcoming decade will see constant financial and technological teamwork to curb greenhouse gas emissions.
- Firstly, the years to 2030 are vital. Actions to expand funding and innovation can help all countries to keep global warming below 2 °C or even 1.5 °C, as the Paris Agreement envisions.
- Secondly, there are many features in the bilateral pact that could be transformative for energy-concentrated sectors in India. Starting with renewable power expansion to 450 GW.
- With the help of open source technologies, India could include new materials and processes to decarbonize industry, transport, and buildings.
- Thirdly, British Prime Minister Boris Johnson announced improved ambition at the summit for Britain to cut carbon emissions by 78% by 2035 over 1990 levels. This can push the agenda of climate funding by rich nations to surpass the decade-old goal of $100 billion.
Challenges
- Mr. Biden would have to encourage industry and research institutions at home to share knowledge and fund the transfer of technologies for the India-U.S. agreement to yield results.
- Thus, Mr. Biden’s climate effort will depend on executive authority instead of bilateral support. With political will on both sides, the engagement with India can become a model.
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Suggestions
- Many developed countries tend to view India’s hesitancy to commit to a net-zero emissions target as defiance. However, the climate change crisis has consumed the world’s carbon space. This started in the industrialized world.
- A forward-looking policy should envisage green development again. Funding and green technologies should be provided as reparation for the emissions space lost by poorer countries.
- This is a perfect solution as it would aid sustainable development, boost employment, clean up the environment. It will help all countries arise healthier from the pandemic.
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