Climate Change
Energy
Asia
Ed King

Developed countries must lead emissions curbs and make good on finance pledge say emerging economies key to climate pact.

Rich countries need to take the lead in cutting greenhouse gas emissions, the leaders of India and China have said in an unusual joint statement.

Released at the end of two days of talks between Narendra Modi and Xi Jinping, it says developing countries need more finance and technological support to green their economies.

“The two sides urged the developed countries to raise their pre-2020 emission reduction targets and honour their commitment to provide US$100bn per year by 2020 to developing countries,” it says.

Nearly 200 countries are working on a global climate pact to limit warming to below 2C above pre industrial levels, with an outcome expected in Paris this December at a UN summit.

The statement offered no new goals or specific targets the pair would like to see in a Paris deal, instead referring to the 2007 Bali Road Map, where rich countries pledged to help the poor with green finance and technology.

For the complete article, please see RTCC.

Source:
RTCC
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