27 Oct 2021
Why setting the long-term climate finance for the post-2025 period is important at COP26
India assures full support for the meaningful outcome of Conference of the parties event which is to be organised at Glasgow, UK from October 31 to November 12. In a meeting with Foreign Minister of the United Kingdom, Elizabeth Truss on October 22  Minister for Environment, Forest and Climate Change Bhupender Yadav assured India’s full […]

India assures full support for the meaningful outcome of Conference of the parties event which is to be organised at Glasgow, UK from October 31 to November 12.

In a meeting with Foreign Minister of the United Kingdom, Elizabeth Truss on October 22  Minister for Environment, Forest and Climate Change Bhupender Yadav assured India’s full support to the UK COP Presidency for the meaningful outcome of COP.

The meeting was held in New Delhi and as per a press release issued by the Ministry of Environment and Climate Change, Yadav said that the upcoming COP26 should be the COP of action and implementation.

"COP26 should initiate the process of setting long-term climate finance for the post-2025 period. India welcomes the UK COP 26 Presidency's five key initiatives on sustainable land use, energy transition, low emission vehicle transition, climate finance, and adaptation," said Yadav.

https://twitter.com/byadavbjp/status/1451499340212543492?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1451499340212543492%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fpib.gov.in%2FPressReleasePage.aspx%3FPRID%3D1765852

In the meeting, they discussed crucial issues COP26, UK COP26 initiatives, India UK Roadmap-bilateral cooperation, Commonwealth Declaration on Climate Change, and other related issues.

As per the press release, Yadav said that the huge expectations in COP 26 include arriving at a consensus on unresolved issues of the Paris Agreement Rule Book, long-term climate finance, market-based mechanisms, etc.

In the meeting, both sides underlined the need for strengthening bilateral partnership and collaboration to facilitate the collective R&D of cutting-edge technologies and the transfer of proven technologies to drive low carbon pathways.

Both sides also agreed to explore ways and means to also strengthen global climate initiatives including the International Solar Alliance, Coalition Disaster Resilient Infrastructure (CDRI), Leadership Group for Industry Transition (LeadIT Group), Call for Action on Adaptation and Resilience, and Mission Innovation.

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