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Need to explore possibilities to fund research and development of climate friendly technologies: Vardhan

Need to explore possibilities to fund research and development of climate friendly technologies: Vardhan

New Delhi, Nov 20 (UNI) Union Environment Minister Harsh Vardhan on Tuesday said there

was need to explore possibilities to fund research and development of climate friendly technologies and shorten technology deployment cycle in absence of which transformative development would be delayed.

Giving his welcome address at the ministerial meet of BASIC (Brazil, South Africa, India and China) Countries, being hosted by Ministry of Environment, Forest and Climate Change here, Dr Vardhan said, 'Adaptation is a pressing issue for developing countries. They are highly vulnerable to climate change impacts as is also evident from the recent natural disasters and extreme events, which have caused extensive damage to life and property.'

He said naturally, adaptation is an integral part of most developing country NDCs. Since the developing countries have played little role in the present climate change challenge and bearing the brunt of the historic greenhouse gas emissions by developed countries, adequate support must be provided to developing countries by developed countries to help them undertake adaptation actions.

The reporting under the transparency framework should be based on the principle of differentiation, providing greater flexibility to developing countries, and should also provide relevant information on the support provided by developed countries to developing countries.

'A balanced approach towards development of Modalities, Procedures and Guidelines (MPGs) for the Enhanced Transparency Framework that enhances global action and financial support will serve us well in the negotiations at Katowice. In addition, adequate support should be provided to developing countries to participate in the enhanced transparency framework under the Paris Agreement,' he said.

The Minister said the developed countries seem to be shedding their responsibilities in pre-2020 period and delaying climate action, which is neither in accordance with the agreed principles of the UNFCCC, or latest scientific findings on climate change.

This would not only put additional mitigation burden on developing countries in post-2020 period but will also increase the overall costs and present greater economic challenges for us to make a transition to low carbon growth pathway.

'At COP 24, we must prioritize pre-2020 agenda as it would help build trust among Parties and strengthen their faith in the multilateral process.Developed countries should be encouraged to fulfil their pre-2020 commitments even in the post 2020 period and this will form a strong foundation for post 2020 action,' he said.

'Finance is one of the critical enablers of climate actions in developing countries along with technology development and transfer and capacity-building support. Any regression or slow progress on these will hamper the progress of developing countries towards achieving higher ambition in their actions. We find that there is considerable difference in what is communicated as climate finance by different countries. Public finance in the form of grants and concessional finance is required for climate actions,' he said.

UNI NY AR 2019

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