India backs UAE’s transition agreement at COP28

India called for the delivery of means of implementation to ensure COP28’s consensus on transitioning away from fossil fuels can be brought to fruition in developing countries. Read Here: Global deal at COP28 as Dubai keeps Paris alive China also echoed India’s comments on the need for developed countries to take the lead. Based on historical responsibility developed nations should take lead to net zero emissions before 2050.” Yadav pointed out that India had taken a leadership position on climate during its G20 Presidency. For example, in the fifth iteration of the GST text, released on December 11, there was a mention of “rapidly phasing down unabated coal and limitations on permitting new and unabated coal power generation.” In the final document which was adopted on Wednesday this was changed to “accelerating efforts towards the phase-down of unabated coal power.” Read Here: In a first, delegates at UN climate talks agree to transition away from fossil fuels Again, the fifth iteration referred to recognising “limiting global warming to 1.5 °C with no or limited overshoot requires peaking in global greenhouse gas emissions at the latest before 2025 and rapid, deep and sustained reductions in global greenhouse gas emissions of 43% by 2030 and 60 % by 2035 relative to the 2019 level and to reach net zero CO2 emissions by 2050”. These two concessions may be useful for emerging economies like India but experts have said provisions on finance remain very weak and still gives developed countries enough leeway in the use of oil and gas The concession on transitional fuels indicates gas may be also helpful for India, negotiators said.