India refrained from signing the pledge to triple global renewable energy capacity by 2030 as the draft text mentioned phasing out coal, which New Delhi doesn't support, according to sources in the Indian delegation.
India and China both on Saturday refrained from signing the pledge at the COP28 climate summit to triple the world's renewable energy capacity by 2030 even though New Delhi already committed to it as part of its G20 presidency.
During the UN's climate talks here, 118 countries committed to tripling the global renewable energy capacity by 2030 in a highly endorsed initiative.
A source in the Indian delegation said that India refrained from signing the pledge as the draft text mentioned phasing out/down coal, which New Delhi doesn't support.
India has been asking countries to agree to phase down all fossil fuels rather than a narrower deal to phase down coal.
The source said that India has already delivered a deal on the tripling of renewable energy capacity at the G20 Summit held in Delhi in September and that the pledge taken by a group of countries was outside the ambit of the United Nations Framework Convention on Climate Change (UNFCCC).
The pledge called for phase down of unabated coal power and putting an end to the financing of new coal-fired power plants.
"Unabated" fossil fuels generally refer to the continued use of coal, oil and gas without efforts to curtail emissions. Nonetheless, a universally accepted and precise definition of this term is currently lacking. PTI UZM GRS ZH
(This story was produced as part of the 2023 Climate Change Media Partnership, a journalism fellowship organised by Internews' Earth Journalism Network and the Stanley Center for Peace and Security.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
)