 "Bhupender Yadav urges rich nations to meet climate funding goals at CoP30")
Environment Minister Bhupender Yadav on Tuesday urged developed nations to demonstrate greater climate ambition and honour their finance commitments.
He was delivering India’s national statement at the high-level segment of the 30th Meeting of Conference of Parties (CoP30) to the United Nations Framework Convention on Climate Change (UNFCCC) in Brazil.
“Developed countries must reach net zero far earlier than current target dates and deliver new, additional, and concessional climate finance at a scale of trillions, not billions,” Yadav said.
Emphasising the need for affordable, accessible climate technology, he said that it must be free from restrictive intellectual property barriers.
Yadav said India has demonstrated that development and environmental stewardship can advance in tandem, highlighting that the country’s emission intensity has declined by over 36 per cent since 2005, and non-fossil sources now account for more than half of our total electric power installed capacity, an NDC target achieved five years ahead of the 2030 goal.
The minister also said that India would declare its revised NDCs till 2035 and also the first Biennial Transparency Report on time. "India’s global leadership is demonstrated through initiatives such as the International Solar Alliance and Global Biofuel Alliance," he said.
Yadav also underscored the “momentum” created by the Nuclear Mission and Green Hydrogen Mission in advancing India’s path to Net Zero by 2070. In a separate event at COP30, Yadav addressed industry leaders roundtable and underscored India’s commitment to technology-driven and sustainable industrial transitions under the Paris Agreement.