According to the 2015 Paris Agreement, countries commit to limit the global average temperature rise to well below 2 degrees Celsius above pre-industrial levels, while aiming to limit the increase to 1.5 degrees.
The failure of developed countries to deliver on providing financial support to the developing countries is a critical issue, pointed out Ajay Mathur, former member of PM’s Council on Climate Change, speaking at the same event.
However, some countries, especially in the Global South, are working on meeting their respective net-zero targets, he said.
“At COP 30, countries, companies, associations and NGOs were focused on what they are doing right now in order to fulfill the discussions or the decisions of yesterday. We talked about how various countries are looking at meeting the net zero targets. The same countries are discussing the challenges, but also talking of the possibilities of net zero,” Mathur, former director general of the International Solar Alliance (ISA), said.