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At the ministerial meeting of Like Minded-Group of Developing countries, Union Environment Minister Bhupender Yadav stated that delayed climate action and lack of leadership from developed countries has increased the cost of mitigation and adaptation in developing countries.
He was virtually addressing the meeting titled Preparations for COP 26 on Climate Change Expectations.
“The world needs rapid and transformative actions in view of the fact that the remaining global carbon budget is meagre and will be exhausted within this decade at the current rate of global emissions” Yadav said.
He also noted that the commitments of carbon neutrality and to raise ambitions in nationally determined contributions to be in line with climate justice and principles of equity and common but differentiated responsibilities and respective capabilities (CBDR-RC).
The minister highlighted the ambitious climate actions taken up by India in areas of renewable energy energy access and efficiency sustainable transport including e-mobility sustainable agriculture enhancing green cover etc. He noted that India has achieved a reduction of 24 % in emission intensity of its GDP between 2005 and 2016 thereby achieving its pre-2020 voluntary target.
The minister pointed out that the accelerated climate action by developing countries like India requires the contingent provision of climate finance technology and other means of implementation supportHe also highlighted the importance of global partnerships and cooperation and requested the LMDC countries to join the initiatives of International Solar Alliance (ISA) and Coalition for Disaster Resilient Infrastructure (CDRI) launched by India.
The ministerial level Like-Minded Developing Countries group meeting has been hosted by Bolivia ahead of the upcoming crucial 26th climate change conference to be held in Glasgow UK from October 31 to November 12 2021. LMDC comprises around 25 developing countries from Asia and other regions.
A ministerial statement was endorsed by the LMDC Ministers during the meeting expressing their full support.