Paris Cli­mate Pact Gets Cabi­net Nod

The Economic Times - - Economy & Companies -

Our Po­lit­i­cal Bureau

New Delhi: The Union Cabi­net on Wed­nes­day ap­proved the sign­ing of the Paris Agree­ment for deal­ing with cli­mate change adopted at the 21st Con­fer­ence of Par­ties held in Paris in De­cem­ber 2015.

Min­is­ter of state for en­vi­ron­ment, for­est and cli­mate change Prakash Javadekar, will sign the agree­ment on be­half of In­dia on April 22, which is the Earth Day, at the high level sig­na­ture cer­e­mony con­vened by United Na­tions sec­re­tary-gen­eral Ban Ki-moon.

“In­dia had ad­vo­cated a strong and durable cli­mate agree­ment based on the prin­ci­ples and pro­vi­sions of the Con­ven­tion. The Paris Agree­ment ad­dresses all the im­por­tant con­cerns and ex­pec­ta­tions of In­dia,” a press state­ment is­sued by the govern­ment said on Wed­nes­day. The Paris Agree­ment is meant to en­hance the im­ple­men­ta­tion of the UN con­ven­tion on cli­mate change. It recog­nises the prin­ci­ples of equity and com­mon but dif­fer­en­ti­ated re­spon­si­bil­i­ties and re­spec­tive ca­pa­bil­i­ties in the light of dif­fer­ent na­tional cir­cum­stances.

The agree­ment also recog­nises the de­vel­op­ing coun­tries’ right to de­vel­op­ment and their ef­forts to har­monise de­vel­op­ment with en­vi­ron­ment, while pro­tect­ing the in­ter­ests of the most vul­ner­a­ble—one of the key is­sues raised by de­vel­op­ing na­tions in­clud­ing In­dia.

Some of the is­sues raised by In­dia such as the im­por­tance of sus­tain­able life­styles and sus­tain­able pat­terns of con­sump­tion with de­vel­oped coun­tries tak­ing the lead and the need for 'cli­mate jus­tice’ also found re­flec­tion in the fi­nal agree­ment.

De­vel­op­ing na­tions had also un­der­lined the ne­ces­sity of pre-2020 ac­tions and the agree­ment now urges de­vel­oped na­tions to scale up their level of fi­nan­cial sup­port with a com­plete roadmap to achieve the goal of jointly pro­vid­ing $100 bil­lion by 2020 for mit­i­ga­tion and adap­ta­tion and also to in­crease adap­ta­tion fi­nance be­sides as­sist­ing with tech­nol­ogy trans­fer to de­vel­op­ing na­tions. The Union Cabi­net also ap­proved the Com­pen­satory Af­foresta­tion Fund Bill, 2015 to en­sure ex­pe­di­tious util­i­sa­tion of ac­cu­mu­lated un­spent amounts parked with ad hoc Com­pen­satory Af­foresta­tion Fund Man­age­ment and Plan­ning Au­thor­ity (CAMPA), which is cur­rently about .₹ 40,000 crore.

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