Chief Economic Adviser V Anantha Nageswaran calls for awareness on climate change
New Delhi:
Chief Economic Adviser V Anantha Nageswaran said on Monday that developed countries need to convince their people about the urgency of adopting climate change mitigation policies and observed that there is little support for climate policies, including taxes on fossil fuels, in rich countries. Is.
Referring to the issue of funding of poor countries by developed countries to tackle climate change, Mr Nageswaran said it was unrealistic as they have huge challenges to face at home.
In high-income countries, there is little support for climate policies, including taxes on fossil fuels, he said at an event here.
Noting that when developed countries tell developing countries and emerging economies what they should do next, Mr. Nageswaran said they have an even more urgent and more important task on their hands.
“This is to convince our public about the importance of climate change mitigation policies.
“…they have far bigger problems getting climate policies to work in their countries without harming themselves economically,” he said.
Citing a report, Mr. Nageswaran pointed out that Australia has the lowest overall support for green policy after Denmark, France, Germany, Australia, Canada, Denmark, Germany, the UK, especially the countries opposed to carbon taxes. and the US.
“Therefore, when we seek funding support from developed countries, it is unrealistic because they have huge challenges to face at home,” he said.
Emphasizing that finance is of prime essence, and there is a need to mobilize finance through public, private and multilateral sources, Mr. Nageswaran said, “We should not jeopardize the financial health of both developed and developing countries. ” He said infrastructure development is important for the Indian economy and asset monetization is about the economic efficiency of assets.
Last year, Prime Minister Narendra Modi announced a bold pledge that India would achieve net zero carbon emissions by 2070 and stressed that it was the only country to “letter and letter” the commitments to combat climate change under the Paris Agreement. feeling”.
Mr Modi had also said that India is keeping climate change at the center of its policies and stressed the need to incorporate climate adaptation policies in the school curriculum to make the next generation aware of the issues.