Active Stocks
Fri Apr 19 2024 11:55:31
  1. Tata Steel share price
  2. 159.35 -0.41%
  1. Tata Motors share price
  2. 951.50 -2.05%
  1. Infosys share price
  2. 1,400.55 -1.41%
  1. ITC share price
  2. 422.70 0.90%
  1. State Bank Of India share price
  2. 740.20 -0.62%
Business News/ Politics / India/  India to ratify historic Paris climate change pact
BackBack

India to ratify historic Paris climate change pact

With India's move, a total of 62 countries accounting for almost 52% of emissions have now ratified the Paris climate agreement to commit to take action to stem the planet's rising temperatures

India, with a population of 1.3 billion people, is the latest big polluter to formally sign onto the historic Paris climate accord. Photo: ReutersPremium
India, with a population of 1.3 billion people, is the latest big polluter to formally sign onto the historic Paris climate accord. Photo: Reuters

New Delhi: India, the world’s third biggest carbon emitter, is set to ratify the Paris agreement on climate change on Sunday on the birthday of the country’s famously ascetic independence leader Mahatma Gandhi.

India, with a population of 1.3 billion people, is the latest big polluter to formally sign onto the historic accord which now takes a major step towards becoming reality.

The accord, sealed last December in Paris, needs ratification from 55 countries that account for at least 55% of the planet’s greenhouse gas emissions responsible for climate change.

With India’s move, a total of 62 countries accounting for almost 52% of emissions have now ratified the agreement to commit to take action to stem the planet’s rising temperatures.

Indian officials are set to ceremoniously hand over signed documents at the United Nations in New York at about 1400 GMT on Sunday, the environment ministry’s spokesman in New Delhi said.

“This was taken after a lot of deliberations and with a view to give the world a message...India is fast becoming a super power," Environment Minister Anil Madhav Dave told reporters in New Delhi ahead of the move.

Prime Minister Narendra Modi announced last month that October 2, a national holiday, had been chosen as the ratification date because freedom fighter Gandhi had lived his life with a low-carbon footprint.

UN chief Ban Ki-moon and others have voiced confidence that the accord will come into force by the end of the year, after a string of nations joined up, including the United States and China, the two largest emitters.

EU environment ministers also agreed last week to fast-track the ratification.

The accord requires all countries to devise plans to achieve the goal of keeping the rise of temperatures within two degrees Celsius (3.6 Fahrenheit) above pre-industrial levels.

Environmentalists welcomed Sunday’s move, but urged India to work to phase out heavily-polluting coal, which it relies on heavily for electricity.

“India is one the very few large economies that has not made any promises of phasing out of coal," said Joydeep Gupta, director of “the third pole" website which focuses on environmental issues.

“This government is good on renewable energy, but not good on environmental issues. There is a lot of pushing back on air pollution, water pollution, soil pollution," he told AFP.

India, the world’s fastest growing major economy, has long insisted that it needs to keep burning cheap and plentiful coal to cut crippling blackouts and bring electricity to millions of poor living without it.

India, which accounts for 4.1% of global emissions and is the third largest carbon-emitting country, has not agreed to cap or cut its emissions outright like some.

Instead it says it will hike up its use of green energy and reduce its emissions relative to its gross domestic product by up to 35% by 2030 from 2005 levels—meaning emissions will continue to grow but at a slower rate.

Modi has set an ambitious target of reaching 100,000 megawatts of solar power by 2022, up from about 20,000 at the moment.

Modi, and other leaders of developing nations, argued in Paris that rich countries must shoulder the lion’s share of responsibility for tackling climate change as they have polluted most since the Industrial Revolution.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 02 Oct 2016, 04:55 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App