Mutual trust key to COP29 success: India

During the ongoing climate summit in Baku, India on Monday said mutual trust among countries is the key factor in ensuring the success of COP29. India laid down its expectations during the ‘2024 annual high-level ministerial roundtable on pre-2030 ambition’.

Delivering the statement, Deputy Leader of Indian Delegation Leena Nandan said mutual trust is the key factor in the global fight against climate change.

“Developed countries should take the lead in setting the foundation to achieve net zero target. It is an opportunity for the developed countries to ensure the success of this COP and foster trust to realise important milestones in climate ambitions by 2030. Our discussions and deliberations are happening at a crucial time to act decisively. The pre-2030 period is an opportunity. It is an opportunity to enhance global climate action,” Nandan said.

India highlighted four important aspects of global climate action, which parties must address. This includes restriction-free technology transfer to developing nations.

“New technologies and solutions are needed to drive the transition to a low-carbon economy. However, innovation in areas like clean energy, carbon removal is still in early stages and there are barriers to scaling and transfer to the developing nations. COP29 should come with tangible and meaningful outcomes on deployment of technology to the developing countries,” India said in its statement. It also asserted that climate finance is central for enabling and implementing climate actions.

“Promoting deployment of clean energy, disaster-resilient infrastructure and adaptation projects require trillions of dollars. COP29 is a milestone COP for climate finance. It should ensure long-pending commitments from developed nations for providing substantial financial resources are made and that such climate finance is equitable and accessible,” the statement further said.

“International cooperation has been uneven, with some countries shifting to unilateral measures resulting in passing off financial burdens of mitigation actions on to developing nations. There is a need to recognise the negative impacts on developing nations due to such unilateral trade measures in the context of climate change,” India said.