New Delhi: India has not shied away from coming forward with “generous commitments” to combat climate change even as developed nations have fallen short of their obligation to provide finance as well as technologies for mitigation, NITI Aayog Vice Chairman Arvind Panagariya said.
In a blogpost on the NITI Aayog website on Monday, Panagariya said that the responsibility for arresting the climate change phenomenon rests principally with the developed countries. “If they want developing countries such as India to aggressively join hands, they must minimally stand ready to provide financing through grants for the purchase of costly technologies for mitigation,” he said, adding: “So far they have fallen well short of their obligation in this dimension.”
He said that commitments by India are more ambitious than even much publicised offers by China. “Today, emission intensity of India’s GDP is approximately half that of China. And yet we have offered to cut this intensity by a third by 2030 relative to the level prevailing in 2005,” he said in the post ‘India’s Generous INDICs’.
