New Delhi: Minister of Environment, Forest and Climate Change Bhupendra Yadav on Wednesday called for judicious use of fossil fuels and development of sustainable, inclusive low-carbon transport systems. He said sustainability was key to preserving the ecosystem, biodiversity, development of society and optimum utilisation of human resources.
“To ensure sustainability, a sound technological and management system must be created for the world through policy, technological intervention and capacity building. Countries must develop action plans that prioritize equity so that health, justice and prosperity are available to all. This approach will promote social equity and facilitate inclusive, sustainable economic growth, while protecting natural resources for future generations,” he said at the Re-Invest Summit 2024 in Gandhinagar, Gujarat.
Yadav pointed out that India represents 17% of the world's population but accounts for only 5% of global emissions. In comparison, 17% of the population in developed countries contributes to 60% of emissions.
“India's per capita consumption remains low and the energy needs of developing countries need to be taken into account. India has made significant progress in reducing carbon emissions despite challenges such as its diverse geography,” he said.
Private sector engagement is key to achieving net zero emissions by 2070 by strengthening renewable energy grids, developing low-carbon technology and managing demand-side issues.
Use of fossil fuels
According to Yadav, there is a need for rational use of fossil fuels with due care and development of integrated, efficient and inclusive low-carbon transport systems and sustainable urbanization, taking into account inclusive, economic and environmental aspects.
Under Mission LiFE, the ministry has set the following priorities for the first 100 days of government: saving water, saving energy, reducing waste, reducing e-waste, saying no to single-use plastics, implementing sustainable food systems and adopting healthy lifestyles.
The government has taken more biobased policy measures and is also working on the transition to other fuels, recycling, circular economy and the promotion of green hydrogen technology. In addition, it wants to strengthen the SME sector.
Strengthening the Global South
India is working on international cooperation to strengthen the Global South and assess its financial needs. New quantifiable targets are the focal points of COP29.
Yadav said that for capacity building, climate finance should be defined accordingly. The energy ministry has floated the idea of a carbon market and set up a Green Climate Fund to build capacity.
He further said that the economic viability of capacity building and technology transfer is key to the development of renewable energy markets.
