{"id":204238,"date":"2022-11-07T01:30:36","date_gmt":"2022-11-06T20:00:36","guid":{"rendered":"https:\/\/arunachaltimes.in\/?p=204238"},"modified":"2022-11-07T01:30:36","modified_gmt":"2022-11-06T20:00:36","slug":"un-climate-summit-opens-in-egypt-india-focuses-on-climate-finance","status":"publish","type":"post","link":"https:\/\/arunachaltimes.in\/index.php\/2022\/11\/07\/un-climate-summit-opens-in-egypt-india-focuses-on-climate-finance\/","title":{"rendered":"UN climate summit opens in Egypt, India focuses on climate finance"},"content":{"rendered":"<p style=\"text-align: justify;\">New Delhi, 6 Nov: The United Nations&#8217; climate change summit opened in Egypt on Sunday with India hoping for substantial progress in discussions on climate finance.<br \/>\nThe 27th edition of the Conference of Parties (COP) to UNFCCC will see India seeking clarity on the definition of climate finance &#8212; whether it is grants, loans or subsidies &#8212; and nudging developed countries to enhance the supply of technology and finance needed to address climate change and resulting disasters.<br \/>\nThe absence of a definition of climate finance allows developed countries to greenwash their finances and pass off loans as climate-related aid. Officials said India will counter any effort to classify loans as climate finance.<br \/>\nIndia will also emphasise that it is one of the few countries which has met the 2015 climate goals set in Paris, and stress on climate justice and sustainable lifestyles through Prime Minister Narendra Modi&#8217;s LIFE movement which stands for &#8220;Lifestyle for Environment&#8221;.<br \/>\nAt this year&#8217;s conference, developed countries are expected to push developing nations to further intensify their climate plans.<br \/>\nOn the other hand, the developing countries would seek commitment to finance and technology needed to address climate change and resulting disasters.<br \/>\nThe UN climate summit this year is being held in the shadow of the Russian aggression in Ukraine and the related energy crisis which has strained the capabilities of countries to urgently tackle climate change.<br \/>\nCOP27 will really begin on Monday with a World Leaders&#8217; Summit, where heads of state and government leaders deliver five-minute addresses summarising their efforts to fight climate change and what they expect from the conference.<br \/>\nUnion Environment Minister Bhupender Yadav on Sunday said India believes that climate action starts at the individual level and that Prime Minister Narendra Modi through the &#8220;LiFE movement&#8221; has provided a simple solution to the complex problem of climate change.<br \/>\nLiFE stands for &#8220;Lifestyle for Environment&#8221;, a pro-people and pro-planet effort that seeks to shift the world from mindless and wasteful consumption to mindful and deliberate utilization of natural resources.<br \/>\nYadav inaugurated India Pavilion at the 27th Session of Conference of Parties (COP) of the UNFCCC (COP 27) in Sharm El-Sheikh, Egypt, on Sunday. COP27 is scheduled to run from November 6 to 18.<br \/>\nWelcoming delegates from all the countries to India Pavilion, Yadav said that Prime Minister Narendra Modi has provided a simple solution to the complex climate change problem.<br \/>\nHe said India believes that climate action starts from the grassroots, individual level and hence designed the India Pavilion with the theme of &#8220;LiFE &#8211; Lifestyle for Environment&#8221;.<br \/>\nYadav said India Pavilion will continue to remind the delegates that simple lifestyle and individual practices that are sustainable in nature can help protect mother earth.<br \/>\nThe minister said India looks forward to substantial progress in the discussions related to climate finance.<br \/>\n&#8220;We also look forward to the introduction of new technologies and new collaborations to facilitate technology transfers,&#8221; the Union Environment Ministry quoted him as saying in a statement.<br \/>\nYadav also attended the ceremonial opening of COP 27 where Egypt took over the COP Presidency from the UK.<br \/>\nOver 120 heads of states and governments are expected to attend the conference, including US President Joe Biden and UK Prime Minister Rishi Sunak.<br \/>\nPrime Minister Narendra Modi will not travel to Egypt. The Indian delegation is being led by Yadav, who will address the heads of states at the Sharm El-Sheikh Climate Implementation Summit on November 7 and 8. PTI<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi, 6 Nov: The United Nations&#8217; climate change summit opened in Egypt on Sunday with India hoping for substantial progress in discussions on climate finance. The 27th edition of the Conference of Parties (COP) to UNFCCC will see India seeking clarity on the definition of climate finance &#8212; whether it is grants, loans or [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-204238","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-national"},"_links":{"self":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/204238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/comments?post=204238"}],"version-history":[{"count":0,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/204238\/revisions"}],"wp:attachment":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/media?parent=204238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/categories?post=204238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/tags?post=204238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}