Plagued by record heat, widespread drought and devastating floods, India is working with other developing nations to provide a push for compensation when world leaders gather in November for the UN’s annual climate summit.
The South Asian nation made a similar case ahead of last year’s COP26 in Glasgow, Scotland, arguing that rich countries should pay for the climate devastation suffered by poor countries that have historically helped warming the planet. contributed less.
The issue was eventually overshadowed by efforts to lock in further commitments to reduce global warming, but is likely to take center stage when discussions resume in COP27 host Egypt, an African country that itself is battling with rising sea levels and expanding deserts.
“The focus of previous COP talks was mitigation because that’s what the UK, as a host, focused on,” Indian Environment Minister Bhupendra Yadav said in an interview on the sidelines of an event in New York. Delhi, “It caused frustration in smaller countries because of the lack of discussion on the harms and disadvantages.”
Yadav cited heat waves and floods that have affected India and some of its neighbors this year, saying India is working with a group of least developed countries to focus on compensation as bad weather affects their economies. damages.
Rich countries pledged at a climate conference in 2009 to contribute $100 billion a year by 2020 to help their poorer counterparts transition to cleaner sources of energy and adapt to extreme weather. So far, wealthy countries have contributed only $20.1 billion to adaptation.
Although the 2015 Paris climate agreement included language to address “loss and damage”, it left many questions unanswered. The overall idea is that countries battered by climate-fueled disasters like floods can claim money back, but scientists have only recently begun to work hard to be able to calculate whether a warming planet has caused extreme weather. How much did you contribute to the incident?
Unlike most developing countries, India is also one of the major historical contributors to global warming. It committed last year to reach net zero carbon emissions by 2070 and has so far sought $1 trillion from wealthy industrialized nations to help it meet its goals. The government last month updated its voluntary climate commitments and unveiled moves such as ordering the use of clean fuels and a carbon credit trading scheme for its dirtiest industries. Still, it needs help both to reduce its own emissions and to adapt.
A Standard Chartered report published in April estimated that India would need $12.4 trillion in investments from developed countries and investors to reach net-zero in 2060, a decade ahead of its target, which was the same as last year’s share of US GDP. was about half.
In a conversation with his Egyptian counterpart, Yadav said they discussed the need to pursue commitments on adaptation, agriculture and land degradation, apart from compensation.
“Loss and loss is an important issue that needs to be discussed,” he said.