India had not done enough to demand more finance from the international community that would aid in its transition towards green energy, former Power Secretary Alok Kumar said at a seminar on Monday to discuss the road map for the 28th edition of the United Nations Conference of Parties (COP-28) to be held in Dubai next month.
Among the thorniest issues at COP negotiations is finance. Developed countries have yet to provide committed tranches worth billions of dollars to developing countries to mitigate greenhouse gas emissions.
To contain greenhouse gas emissions enough so that the globe does not heat up more than 1.5 degrees Celsius, the science says that by 2030, carbon emissions need to be cut 43% of 2019 levels. However the stated pledges by governments, as of today, will only see a 2% reduction in emissions and thus breach the safety mark, said a UN report last week.
