You are here: Home » PTI Stories » National » News
Business Standard

Green technology, funds crucial to India's climate change

Press Trust of India  |  New Delhi 

Ahead of the climate change summit in Paris in December, India today said green technology needs of emerging economies are "crucial" to fight greenhouse gas emissions and sought financial as well as technological support from developed nations.

Environment Minister Prakash Javadekar also rued that the finance and technology mechanism under the United Nations Framework Convention on Climate Change (UNFCCC) are neither working at its optimum level nor in tandem and urged nations to find the "cohesion" at the earliest.

"Technology needs of emerging economies such as India are crucial in the fight against climate change. Prime Minister Narendra Modi has promised to deliver power to all by 2022.

"A significant portion of that will be from clean energy sources, given our commitments to rapidly expand wind power, solar power and nuclear energy. For this, we need the support of developed countries through both financial as well as technology flows," the Minister said during "Technology and Climate Change: Innovation and Partnership for Transitional Change" organized by ORF.

Javadekar stressed on the importance of devising mechanisms for technology transfer in which innovators are rewarded while climate change imperative is not compromised.

Not only should technology transfer needs to be enhanced but at the same time, there should be stress on joint production, R&D and innovation and joint collaborative research, he said.

"The finance mechanism and technology mechanism under the UNFCCC are not working at the optimum level and are not working in tandem. This cohesion needs to be found now so that by 2020 when a new agreement comes into force, the mechanisms work harmoniously for effective climate action," he said.

Referring to Modi's annoucement of providing power to all by 2022, Javadekar said that the power will come from clean energy sources like solar and wind energy and all this will reflect in the Intended Nationally Determined Contributions (INDC). India is likely to announce its INDCs soon.

He said that there should not be a situation where barriers to technology access in 2020 will "compromise" the ability of developing countries to take ambitious climate change action.

First Published: Wed, September 23 2015. 19:22 IST
RECOMMENDED FOR YOU