PM Addressed “Leaders Summit on Climate”

The Prime Minister of India has addressed the Leaders Summit on Climate virtually.

 About Leaders Summit on Climate:

• Leaders Summit on Climate is a conference hosted by the United States(US) President on Earth Day.
• The summit coincides with the fifth anniversary of the opening of the Paris Agreement on climate change for signature.
• Further, the summit is also a precursor to the United Nations Climate Change Conference(COP26) that will take place later this year in Glasgow.

Objectives of the Summit: The summit brings together 40 leaders of major economies. Its main objectives are:

• Firstly, to get the world’s major economies to reduce emission in this decade while also getting the public and private sector involvement.
• Secondly, to see how climate action can have economic and social benefits.
• Thirdly, to use the technology available to reduce emissions and adapt to Climate Change.
• Fourthly, to use nature-based solutions to achieve net-zero emissions by 2050.

Key Takeaways from the Summit:

• India has taken steps on clean energy, energy efficiency, afforestation and bio-diversity. That is why it is among the few countries whose Nationally Determined Contributions(NDCs) are 2-degree-Celsius compatible.
• India’s per capita carbon footprint is 60% lower than the global average. It is because India’s lifestyle is still rooted in sustainable traditional practices.

India-U.S. climate and clean energy Agenda 2030 partnership:

• India-U.S. climate and clean energy Agenda 2030 Partnership was announced at this Leaders Summit on Climate.
• Goals of the Partnership:
  • Firstly, to mobilise finance and speed clean energy deployment;
  • Secondly, to demonstrate and scale innovative clean technologies needed to decarbonise sectors including industry, transportation, power, and buildings.
  • Thirdly, to build capacity to measure, manage and adapt to the risks of climate-related impacts.
• Tracks: The partnership will proceed along two main tracks: the strategic clean energy partnership and the climate action and finance mobilisation dialogue, which will build on and subsume a range of existing processes.

Commitments by US:

• The United States has announced its target to achieve a 50-52% reduction from 2005 levels in economy-wide net greenhouse gas pollution in 2030.
• This will be the US new Nationally Determined Contribution(NDCs) under the Paris Agreement.

Source: The Hindu