Predictable climate finance in the spotlight for India at COP26, Auto News, ET Auto

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“We are perhaps the only G20 country to have fulfilled and surpassed our NDCs,” said Shringla, addressing the India World Forum in London virtually from New Delhi on Thursday.

India will seek promises of coherent and predictable climate finance as it engages with “full commitment” to UK COP26 climate summit in Glasgow, Foreign Secretary says Harsh Vardhan Shringla.

Speaking just as the government confirmed that Prime Minister Narendra Modi would attend the summit scheduled for October 31 to November 12, the Foreign Minister highlighted India’s climate action to honor its determined contributions to the national level (CDN) linked to the UN agreement.

“We are perhaps the only G20 country to have respected and surpassed our NDCs,” said Shringla, addressing the India World Forum in London virtually from New Delhi on Thursday.

“Our Prime Minister has said that India will not only meet its targets, but exceed them. And, he spoke to Prime Minister Boris Johnson. We intend to go there with a strong message, with full commitment to COP26, ”he said.

“In order to achieve these ambitious goals, developing countries will need access to climate finance, green technologies. We need more than commitments, we need promises – predictable and consistent funding, ”he said.

The Foreign Minister then explained India’s shift from fossil fuels to renewable energy sources, especially solar power. “Since 2017, we have more renewables in the energy mix in India than fossil fuels,” said Shringla.

“Over the past six years, we have increased our renewable energy capacity by two and a half and solar energy has increased by a factor of 13. We have announced a hydrogen energy mission that will produce energy from green sources, ”he said.

The United Nations Climate Change Conference in Glasgow, dubbed COP26, will be hosted by UK Prime Minister Boris Johnson, who will host leaders including Modi and US President Joe Biden for the World Leaders Summit scheduled for November 1-2 for the start of negotiations.

It will be followed by a series of sessions in different areas such as energy, finance and transport, which will be attended by ministers and officials from different countries and chaired by UK COP26 Minister Alok Sharma.

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