COP28: India and China opted out of signing the Global Renewables and Energy Efficiency Pledge during COP28, a significant climate summit held in Dubai. The pledge aimed to triple the global capacity for renewable energy by 2030, but these two major nations refrained from joining.
This decision stands in contrast to 118 other countries that committed to tripling their green energy output. The pledge, aimed at boosting renewable energy generation, intended to increase installed capacity to 11,000 GW worldwide by 2030. Additionally, it sought to double the global rate of energy efficiency improvement to over 4 percent annually.
The COP28, drawing participation from nearly 100,000 delegates representing 198 nations, commenced on Thursday and will continue until December 12. Amidst this global gathering, Prime Minister Narendra Modi proposed India as the host country for the UN climate conference in 2028. He launched the 'Green Credit Initiative,' focusing on involving communities in creating carbon sinks to mitigate climate impacts.
During various high-level meetings at COP28's second day, Prime Minister Modi emphasized the need for developed nations to significantly reduce their carbon footprint well before 2050. He urged equitable distribution of the global carbon budget among developing nations, highlighting the importance of fair participation in combating climate change.
Furthermore, Modi called for tangible outcomes on financial support for developing and impoverished countries to tackle climate change effectively. His engagements underscored India's commitment to environmental sustainability and its proactive role in addressing global climate challenges.