Glasgow: India on Wednesday highlighted the importance of low-cost climate finance and transfer technology and said it expects $ 1 trillion climate finances “earliest” remembering new commitments.
Environmental Environment Minister Union Bhupender Yadav made the statement after meeting Scottish Finance Minister Kate Forbes on the sidelines of the crucial international climate conference COP26 here.
“Having a remarkable meeting with the Majesty MS @_Kateforbes, Minister of Finance and Economics, Scotland.
On behalf of the Indian delegation, thanks to the Scottish administration to hold the event professionally and excellent hospitality extended by Scottish people,” Yadav Tweeted.
“With PM Shri @Narendramodi JI set new benchmarks and Indian settlement to move forward with new commitment, low-cost financial transfer and climate technology becomes more important.
India expects climate finance of $ 1 trillion at the beginning,” he.
Word in another tweet.
Yada V is in Glasgow representing India at the 26th conference party, which began on October 31 and will end on November 12.
England leads conferences.
In the last two days, Prime Minister Narendra Modi was made significant announcement, including a thick promise of India to be zero net in 2070.
In addition to net zero targets, Modi also raised the contribution specified nationally India Ion (NDCs) reaching a non-fossil energy capacity of 450 giga Watts up to 500 giga watts in 2030.
“India will increase its non-fossil energy capacity to 500 giga watts in 2030; India will meet 50 percent of its energy needs of renewable energy sources in 2030.
Between now and 2030, India will reduce The total projected carbon emissions of 1 billion tons and in 2030; India will reduce the economic intensity of its economy of 45 percent and India will achieve zero zero targets in 2070, “said Prime Minister, added that” the fifth of Elixir will be a contribution that has yet ever happened before by India to the climate action.
“He also confirmed that it was the only country who delivered “letters and spirits” commitment to handle climate change under the Paris agreement.