Minister R K Singh Calls for Fair Distribution of Carbon Space to Boost Developing Economies

Union Minister R K Singh underscored the necessity for developing countries to have more “carbon space” to fuel their economic growth, citing that 77% of the historical carbon dioxide emissions can be attributed to developed nations. Speaking at the 2024 World Sustainable Development Summit in New Delhi, Singh highlighted the glaring economic disparity between developed countries, with an average per capita income of USD 58,700, and developing countries, where the average stands at USD 6,770 annually.

Singh emphasized that the development trajectory of developed nations has largely been fueled by fossil fuels, contributing significantly to global warming. He stressed the need for developed countries to relinquish carbon space to allow developing nations to pursue their own development goals without compromise. Despite India’s commitment to reducing carbon emissions, with a target of a 45% reduction in emission intensity by 2030, Singh reiterated the imperative for adequate space for developing countries to grow economically.

He lauded India’s efforts in renewable energy, noting that approximately 103,000 MW of renewable energy capacity is currently under construction. Singh’s remarks were made during an event hosted by The Energy Research Institute (TERI), where he affirmed India’s dedication to meeting its Nationally Determined Contributions (NDC) goals set forth in the Glasgow Climate Summit. He highlighted India’s rapid pace of energy transition, positioning it as a leader in sustainable development efforts.