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Net Zero agenda faltering: ‘Pie in the sky’:


As India castigates the West’s Net Zero agenda ‘pie in the sky’ and developing nations are demanding hundred of $billions in support, the Net Zero agenda is at risk of faltering.

Yesterday, Pakistan’s prime minister Imran Khan warned that COP26 will end in failure without hundreds of billions in annual support from the rich West. Developing countries would need about $400 billion a year in climate finance support to shift towards low carbon development pathways, yet developed countries had failed to deliver the $100 billion a year of climate finance promised as part of the Paris agreement.

Now, India has come out fighting, calling the West’s 2050 Net Zero targets “pie in the sky.” India’s energy minister said poor nations want to continue using fossil fuels and the rich countries “can’t stop it”.

According to both the UK and US governments, at the UN climate summit in November all countries should adopt Net Zero emissions targets similar to those adopted by Western nations. The fundamental problem with this expectation is that it contravenes the Paris Climate Agreement which cements the UN’s key principle of ‘Common but Differentiated Responsibilities and Respective Capabilities.‘ This principle acknowledges that developing nations have different capabilities and differing responsibilities in reducing CO2 emissions.

In a recent interview, India’s climate negotiator Chandrashekhar Dasgupta made clear that the West’s Net Zero agenda undermined the principle of equity and “common but differentiated responsibilities” of developed and developing countries. This position also explains why India is demanding that richer countries adopt “net negative” emissions targets.

India: Net zero targets are ‘pie in the sky’

Sharp divisions between the major global emitters have emerged at a series of meetings designed to make progress on climate change.

India lambasted the richer world’s carbon cutting plans, calling long term net zero targets, “pie in the sky.”

Their energy minister said poor nations want to continue using fossil fuels and the rich countries “can’t stop it”.

China meanwhile declined to attend a different climate event organised by the UK.

Trying to lead 197 countries forward on the critical global issue of climate change is not a job for the faint hearted, as the UK is currently finding out. […]

India, the world’s fourth largest emitter, doesn’t seem keen to join the club.

“2060 sounds good, but it is just that, it sounds good,” Raj Kumar Singh, India’s minister for power, told a meeting organised by the International Energy Agency (IEA).

“I would call it, and I’m sorry to say this, but it is just a pie in the sky.”

To the discomfort of his fellow panellists, Mr Singh singled out developed countries where per capita emissions are much higher than in India.

“You have countries whose per capita emissions are four or five or 12 times the world average. The question is when are they going to come down?”

“What we hear is that by 2050 or 2060 we will become carbon neutral, 2060 is far away and if the people emit at the rate they are emitting the world won’t survive, so what are you going to do in the next five years that’s what the world wants to know.”

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