PM Modi hails 'historic' Kigali agreement

Image
Press Trust of India New Delhi
Last Updated : Oct 15 2016 | 10:13 PM IST
Describing the Kigali agreement on phasing down climate-damaging hydrofluorocarbon as historic, Prime Minister Narendra Modi today said the deal would provide a mechanism for countries like India to access and develop technologies that leave a low carbon footprint.
In a landmark step, 197 nations, including India, today struck a legally-binding deal after intense negotiations in the Rawandan capital Kigali to phase down hydrofluorocarbons.
"I congratulate all countries for having come together on this critical issue, which will contribute to a greener Earth," Modi said.
"The Kigali Agreement to the Montreal Protocol reached this morning is a historic occasion, which will have a lasting impact on our planet."
Theagreement reached on the amendment to the Montreal Protocol on Substances that deplete the ozone layer is expected to prevent a global temperature rise of up to 0.5 degrees Celsius by the end of the century, while continuing to protect the ozone layer.
According to the amendment, developed nations will reduce HFC use first, followed by China. India and nine other nations of South and West Asia will follow suit. Overall, the deal is expected to reduce HFC use by 85 per cent by the year 2045.
"This will also provide a mechanism for countries like India to access and develop technologies that leave a low carbon footprint," the Prime Minister said.
"The flexibility and cooperation shown by India as well as other countries has created this fair, equitable and ambitious HFC agreement," he said in a series of tweets.
"Agreement will lead to a reduction of 0.5 degree in global temp by the end of the century & enable us to achieve the goals set in Paris," he said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 15 2016 | 10:13 PM IST

Next Story