India requests that developed countries remove obstacles to the export of technology. India urged industrialized nations to raise public climate finance, minimize unfair trade practices cloaked in climate action, and remove obstacles to technology transfer.
The appeal was made during the UN climate talks in Baku during a roundtable of high-level ministers on pre-2030 ambition.
Additionally, India called on wealthy countries to lead the charge in reducing emissions and reaching net-zero by 2030. To create a more robust and sustainable future, this is crucial.
A low-carbon future depends on innovative technologies, but developing nations must have access to them. Solutions like carbon removal and clean energy are needed in developing nations, but access to these technology is hampered by issues like intellectual property rights. For developing nations, COP29 should find workable ways to make technology accessible, flexible, and useful.
India urged wealthy nations to bridge the enormous climate funding gap that is impeding developing nations’ efforts to combat climate change. Additionally, India voiced significant opposition to unilateral trade policies such as the Carbon Border Adjustment Mechanism (CBAM) of the European Union, claiming that it unfairly transfers the costs of climate action to developing countries.
India also emphasized the possibility that global emissions may peak by 2030, given that the 2024 NDC synthesis report predicts that emissions will be 2.6% lower in 2030 than they were in 2019.
If all nations cooperate, this is possible. But in order for this to occur, developing countries must have access to funding, technology, and assistance for capacity building.