STOCK MARKET BSE NSE

Paris Final Draft; India Welcomes the Proposed Deal

India welcomed the proposed deal as balanced and said its concerns have been taken care of in the document.

Published: 13th December 2015 12:26 AM  |   Last Updated: 13th December 2015 12:26 AM   |  A+A-

The final climate accord released Saturday managed to limit the increase in the global average temperature to well below 2 degree Celsius above pre-industrial levels but watering down obligations on part of developed nations when it comes to providing finance to poor countries to take measures to meet challenge posed by climate change and taking liability for any loss and damage associated with the adverse effects of climate change.

The 31-page draft will be put to vote late Saturday before being adopted. French President Francois Hollande called Prime Minister Narendra Modi to apprise him of the latest status of negotiations after release of draft.

Releasing the final draft, French Foreign Minister Laurent Fabius said that it fair, durable and legally binding and would aim at limiting warming to well below 2 degrees Celsius and try for an even more ambitious goal of 1.5 degrees Celsius.

India welcomed the proposed deal as balanced and said its concerns have been taken care of in the document. However, civil society groups criticised it saying draft falls short of a fair deal and biggest historical polluters have been put off the hook.     

The draft document does talk about developed nations providing USD 100 billion per year from 2020 to developing nations but that is not binding and there is no clarity on how much finance will be delivered, when it will be delivered by, or how much of it will be available for adaptation.  

On another contentious issue of liability for any loss and damage, there seems to be a trade off with the US as the loss and damage part is mentioned in the text with rider that it does not involve or provide a basis for any liability or compensation. US has been demanding non inclusion of liability class in the final agreement.

Union Environment Minister Prakash Javadekar said that there has been mention of Common But Differentiated Responsibility (CBDR) under all heads in the final text but NGOs said that there is a weakening of stand.  

"After the first glace of the final text, we are happy that the text contains and take care of concerns of India. It is linked with the convention (United Nations Framework Convention for Climate Change (UNFCCC) while CBDR is imbibed in it," Javadekar said.

Dr Prodipto Ghosh, India’s former negotiator at UN climate talks, opined otherwise.  

“The draft agreement further weakens differentiation between developed and developing countries. The absence of any target for financial resources to developing countries is disappointing. Sustainable consumption and production is mentioned in the Preamble but not in the operative part. No provision for cooperative R&D of technology or compulsory licensing,” said Ghosh.

The draft talks about first stock taking exercise n 2018 and countries which have submitted targets under INDCs (Intended Nationally Determined Contributions) for 2025 have been asked to come back in 2020 with a new target and those with 2030 targets are invited to communicate or update them. And stocktaking will be repeated every five years.

This Agreement shall enter into force on the thirtieth day after the date on which at least 55 Parties to the Convention accounting in total for at least an estimated 55 percent of the total global greenhouse gas emissions have deposited their instruments of ratification, acceptance, approval or accession.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp