Saturday, Jul 13 2024 | Time 19:00 Hrs(IST)
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Business Economy


'Global pre-2020 commitments on reduction in carbon emissions sacrosanct'

'Global pre-2020 commitments on reduction in carbon emissions sacrosanct'

New Delhi, Oct 8 (UNI) Global pre-2020 commitments on reductions in carbon emissions were sacrosanct, said Environment, Forest & Climate Change (MoEFCC) Secretary C K Mishra on Monday while emphasising that climate finance and technology transfer were critical not just for India but for many other countries that were completely dependent on a dedicated fund for combating the impact of climate change.

Inaugurating the 11th India Climate Policy and Business Conclave 2018, organised by FICCI and MoEFCC, in partnership with the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) and the World Bank Group and supported by GIZ, Mr Mishra said the Centre was working on a regulatory framework to facilitate climate change mitigation efforts of industry.

"We expect industry to make use of the new technologies to reduce carbon emissions," he said.

He told industry that its request for allowing a couple of years more for implementing emission norms and targets would be granted only if it was accompanied by a concrete roadmap of action.

Mr Mishra said that the government was also working on a pilot project on developing carbon pricing instruments, particularly for the waste and MSME sectors where the possibility of carbon reduction is maximum.

Dr Julie Reviere, Country Director, GIZ India, underscored the critical need to draw up action plans and roadmaps which were inclusive and participatory and ensure that the instruments to implement the plans were diverse and cost-effective.

She said that GIZ India remained committed to engaging with the MoEFFCC to help India meet its Nationally Determined Commitments (NDC) targets.

Mr Kolluru Krishan, Chairman, FICCI Climate Change Committee and Chairman, CVC India Infrastructure Pvt Ltd, said that there was a need for regulation in compliance and policies and engagement of the private sector. FICCI, he said, had adopted a holistic approach towards climate change mitigation in alignment with the Paris Agreement. The Chamber was also working on a position paper on movement towards sustainable plastics.

The two-day conclave is focussing on 'Implications' of the Nationally Determined Contributions (NDCs) among others.



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