In News: The Summit is a part of a series of global meetings focusing on climate issues, being held in the run up to COP26 in November 2021.
Launch of the India-US Clean Energy Agenda 2030 Partnership
The Partnership will proceed along two main tracks: the Strategic Clean Energy Partnership and the Climate Action and Finance Mobilization Dialogue, which will build on and subsume a range of existing processes.
Through this collaboration, India and the United States aim to demonstrate how the world can align swift climate action with inclusive and resilient economic development, taking into account national circumstances and sustainable development priorities.
The US
Pledged to cut emissions by 50 to 52 per cent of its 2005 levels by 2030. This is double the 2015 goal set by former President Barack Obama.
The US rejoined the Paris Agreement three months ago, after former President Donald Trump’s decision to leave the multilateral forum made it the only country in the world to do so. Biden’s announcements re-assert the US’s commitment in the run-up to the United Nations Climate Change Conference (COP26) in November in Glasgow.
US will double its public climate financing development to developing countries and triple public financing for climate application in developing countries by 2024.
China
We must be committed to the principle of common but differentiated responsibilities… Developing countries now face multiple challenges to combat Covit-19, grow the economy, and address climate change. We need to give full recognition to developing countries’ contribution to climate action and accommodate their particular difficulties and concerns.
Developed countries need to increase climate ambition and action. At the same time, they need to make concrete efforts to help developing countries strengthen the capacity and resilience against climate change, support them in financing, technology, and capacity building, and refrain from creating green trade barriers, so as to help developing countries accelerate the transition to green and low-carbon development.
Promoted China’s “green Belt and Road Initiative” and announced efforts to “strictly control coal-fired power generation projects” and phase down coal consumption.
China, the world’s largest emitter of greenhouse gases, has pledged that its emissions will peak by around 2030. From that point, the country will then aim to get down to net zero emissions by 2060. China has also laid out some concrete targets, such as getting one-quarter of its electricity from low-carbon sources like wind, solar or nuclear power; planting vast new forests; and curbing the use of hydro-fluorocarbons, a powerful greenhouse gas used as a refrigerant.
Britain
Britain was first country to pass legislation for net zero, have the biggest offshore wind capacity of any country in the world. The country is halfway to net zero.
The UK had announced a target of 78 per cent emission reductions by 2035 (compared to 1990 levels).
Germany
The country wants to reduce emissions by 55 per cent by 2030 as compared to 1990 levels.
PM Modi –
“Together we will help mobilise investments, demonstrate clean technologies, and enable green collaborations… India’s per capita carbon footprint is 60 per cent lower than the global average. It is because our lifestyle is still rooted in sustainable traditional practices. Today, I want to emphasize the importance of lifestyle change in climate action. Sustainable lifestyles and guiding philosophies and back to basics must be an important feature of our economy in the post-Covid era,” Modi said.
“We in India are doing our part. Our ambitious renewable energy target of 450 gigahertz by 2030 shows our commitment. Despite our development challenges, we have taken many bold steps on clean energy, energy efficiency, deforestation, and biodiversity. That is why we are among the few countries whose NDCs are 2 degrees Celsius compatible.”
Emphasized India’s encouragement of global initiatives such as the International Solar Alliance and the Coalition for Disaster Resilience Infrastructure.
Note:
Nationally Defined Contributions (NDCs) are each country’s goals towards achieving the Paris Agreement target of limiting rising temperatures to less than 2 degrees Celsius.
Currently, the United States uses far more fossil fuels per person than almost any other country in the world, although China is quickly narrowing the gap.
