Indian Prime Minister Narendra Modi expressed his country’s desire to host the summit. The proposal was expressed while addressing the opening ceremony of the high-level segment at COP 28 in UAE. India is willing and ready to host the 33rd Conference of the Parties of the UNFCCC (COP 33) scheduled to be in the year 2028. Narendra Modi was invited to deliver a speech at the COP28 Ceremonial Opening along with other dignitaries like COP28 President Sultan Jaber and UNFCC Executive Secretary.
Indian PM underlined in his opening speech India aims to reduce the emissions intensity of its GDP by 45 percent by 2030. “We have decided to increase the share of non-fossil fuels to 50 per cent,” he stated. Modi also referred to India’s commitment to the UN Framework for Climate Change process and its 11-year ahead of time emission intensity targets.
The Indian Prime Minister also highlighted the need to give all developing countries a fair share in the global carbon budget.
Addressing the world leaders, he raised the issues of climate justice, climate finance and green credit. The Indian Prime Minister also proposed Green Credit Initiative which focuses on creating carbon sinks through people’s participation. “With our collective efforts, the belief has increased that for the welfare of the world, it is necessary to protect everyone’s interests,” he said. He further suggested: “From this forum today, I want to invoke another pro-planet, pro-active and positive initiative – Green Credit Initiative”.
“Today, India has presented an excellent example of the balance between ecology and economy before the world. Despite India being home to 17 per cent of population of the world, its contribution to Global Carbon Emissions is less than 4 per cent. India is one of those few economies of the world that is on the path to meet Nationally Determined Contribution (NDC) targets. “India has achieved its emission intensity targets 11 years ahead of the committed time frame”:
The ongoing 2023 UN Climate Change Conference is from 30 November to 12 December 2023 in Dubai, United Arab Emirates (UAE). This is the first time where countries formally assess their progress under the 2015 Paris climate agreement. The delegates at COP 28 also discussed adaptation and mitigation efforts in order to achieve the significant positive outcomes in the coming years towards tackling climate change.
Delegates adopted a new fund to help poor nations cope with costly climate disasters. In establishing the fund on the first day of the two-week COP28 conference, delegates opened the door for governments to announce contributions. U.S., Japan, UAE among first to announce new contributions, according to Reuters on 6 Dec. COP28 President Sultan Ahmed al-Jaber said the decision sent a “positive signal of momentum to the world and to our work here in Dubai.”