PM MODI ANNOUNCED INDIA TO BE HOST OF COP-33 IN 2028, LAUNCHES LEADIT2.0, ALSO CO-HOSTS GREEN CREDIT

Hello, Everyone!

On Friday, PM Modi attended COP-28 Presidency’s session on “Transforming Climate Finance” on 1st Dec 2023, in Dubai. In COP-28 conference, in Dubai on 1st December 2023.

Prime Minister Narendra Modi will have seven bilateral meetings, deliver four speeches, and be part of two special initiatives on climate events during his stay in Dubai for around 21 hours, officials said.

PM Modi proposed India host the United Nations sponsored-COP in 2028 in front of all parties in the conference and said we are ready to host COP-33.

He further said that if India gets a chance to host the COP conference it will be much better than G-20.

The 28th edition of the Conference of Parties to the UN Framework Convention on Climate Change (COP 28) will run till December 12.

PM TAKE IN THE SUMMIT:

• · PM Modi addressed the opening along with the COP –28 President Dr. Sultan-Al-Jaber, UNFCCC executive secretary Simon Steill, and UN General Assembly President Dennis Francis in a testament to close ties among host country UAE and India.

• · COP-Presidency rotates between different world regions and India will get this honor in 2028, when Asia gets in turn. All the countries in the group must unanimously accede to PM Modi’s bid before it is confirmed.

• · He further stated that we have to overcome previous mistakes and we have less time. As per the PM’s statement, the world will have to unite and collaborate to overcome previous mistakes.

• · Irrespective of having India’s share of 17% of the world population, our share of the carbon emissions is only 4%. Also, he stated India aims to lower its carbon emissions by 45% by 2030.

• ·He proposed that India is likely to achieve net zero emissions by 2070.

• ·He called for all developed countries to lower their carbon footprint by 2050.

• ·The developed countries said in 2009, that they will collaboratively contribute about 100 billion US dollars by 2020 and will aid this contribution to help the developing countries dealing with the adverse effects of Climate Change.

• · He said every country should work on achieving climate targets. All the developed countries should equitably contribute to the global carbon budget.

• · He urged countries to rise above self-interest and deliver on all their climate commitments, he said that the developing countries must get appropriate access to the remaining global carbon budget.

PM’S CALL FOR THE GREEN CREDIT PROGRAMME:-PROMOTING ENVIRONMENTAL ACTIONS

• · Prime Minister Narendra Modi and President Sheikh Mohammed bin Zayed Al Nahyan of UAE, co-hosted the High-level event on the ‘Green Credits Programme’ at COP-28, on 1 December 2023 in Dubai.

• · The event saw the participation of H.E. Mr. Ulf Kristersson, Prime Minister of Sweden, H.E. Mr. Filipe Nyusi, President of Mozambique, and H.E. Mr. Charles Michel, President of the European Council.

• · The Prime Minister invited all nations to join this Initiative. The Green Credit Initiative has been analyzed as a mechanism to promote voluntary pro-planet actions, as an effective response to the challenge of climate change. For the rejuvenation and revival of natural ecosystems, the Green Credit Initiative visualizes the issue of Green Credits for plantations on waste/degraded lands and river catchment areas.

• · This global initiative aims to facilitate global collaboration, cooperation, and partnership through the exchange of knowledge, experiences, and best practices in planning, implementation, and monitoring of environment-positive actions through programs/mechanisms like Green Credits.
  

• GREEN CREDIT REFERS TO A PROGRAMME IN WHICH THE PEOPLE, INSTITUTIONS, ORGANISATIONS ENGAGED IN IMPROVING EARTH’S ENVIRONMENT ARE FELICATED. THE GREEN CREDIT PROGRAMME ENGAGEMENTS ARE AFFORESTATION, WATER MANAGEMENT, MITIGATION OF AIR POLLUTION.

• In his speech he proposed a Green Credits program, he said we have to be more people-oriented than the current system of Carbon Credits that are only money-oriented.

• · At the summit, PM Modi accredited India’s efforts to mitigate emissions.

• · He said, “From this platform, I am calling for another pro-planet, pro-active and positive initiative and that is the Green Credits Programme. This is a mass campaign that goes beyond the commercial mindset associated with the carbon credits. It focuses on creating carbon sinks through people’s participation and I invite all of you to join this initiative ”.

• ·About the Green Credit Programme of COP-28, he said the way we think about our health in the same manner we should think about our environment. We should also think of adding positive points to our Earth’s health Card.

• ·He said India has perfectly exemplified balance of ECOLOGY and ECONOMY to the world. He said that India has achieved its emission intensity related targets, 11 years ahead of the committed timeframe.

• ·India is among of those few nations who is on its way it’s National Determined contribution (NDC)) targets.

LEADIT2.0 LAUNCHED BY PRIME MINISTER NARENDRA MODI:

As a sideline to the COP-28 IN Dubai, PM Modi launched LeadIT2.0, with an emphasis on comprehensive and equitable fair industry transition. He referred to LeadIT, that it will focus on the collaborative development of energy and the transfer of low-carbon technology and financial aid to developing countries. Earlier, addressing a session on Transforming Climate Finance, Modi urged developed countries to completely reduce carbon footprint intensity by 2050. At the opening session of the summit, Modi said India