“In the face of an unprecedented warming crisis, COP28 emerges as a pivotal moment in global climate action. Human activities, especially greenhouse gas emissions, demand urgent intervention. The transition to net zero requires industry-wide transformation, embracing sustainable technologies and responsible strategies be it on sustainable fuels to adopting carbon capture. At COP28, the world converges not just in dialogue but in action, forging a legacy of unity to safeguard our planet.”- Mr. Ashish Modi, President. Honeywell India
As the world gears up for the 28th edition of the Conference of Parties (COP28) on climate change, scheduled to take place in Dubai from November 30 to December 12, 2023, anticipation is high for decisive actions and collaborative efforts.
The venue, Dubai, serves as a symbolic intersection of economic growth and environmental responsibility, setting the stage for crucial discussions among 167 world leaders, including India, a pivotal player in the global fight against climate change.
For detailed information about the event and venue, click here – https://www.cop28.com/en/cop28-presidency
“The time at this critical juncture, as we unite for COP28, calls for an unflinching commitment to addressing the growing climate issue. Nations have a critical chance to come together with a common goal and put off differences for the greater good of all. There is an overwhelming sense of urgency that demands bold, swift action as part of our shared obligation to safeguard the environment. It will take audacious pledges, sincere cooperation, and significant actions to overcome the challenges that lie ahead. As the world warms, we must unite in putting the health of the environment first and leaving a legacy for future generations. The time has come to take decisive, significant global action.’’ – Dr. Malini Saba, environmentalist, businesswoman, global advocate for women and girls.
The COP conferences, which address the pressing problem of climate change, have developed from small-scale events to the forefront of international diplomacy. Nations gather at COP28 to discuss policies, evaluate progress, and deal with the growing environmental crisis. The conference, which has India as a major participant, intends to expand on previous agreements and create new avenues for a sustainable future.
“Formula E, a beacon of sustainability in global motorsports, echoes COP28’s call for positive change. Athletes and influential figures, like those in elite sports, have the power to lead by example. As Formula E advances the frontiers of sustainable mobility, the intersection of sports and environmental responsibility becomes a rallying point for a more sustainable future. Let’s ‘give it everything,’ on and off the track, to accelerate towards a greener world.” – Mr. Jeff Dodds, CEO, Formula E
Diplomats from nearly 200 countries, and many heads of state and government, will gather to try to draft a plan to accelerate the global transition away from fossil fuels because burning them is dangerously heating Earth. The two-week conference is convened annually by the United Nations.
(Source – https://www.nytimes.com/article/cop28-climate-change-summit.html)
India, the third-biggest greenhouse gas emitter in the world, will have a significant impact on how COP28 turns out. New Delhi has evolved over time from being a silent observer to a vocal proponent of the concept of Respective Capabilities and Common but Differentiated Responsibilities (CBDR-RC).
“While the COP28 focuses on accelerating climate action and fast-track progress, it is still clear that the transition to a clean-energy future is not fast enough. One of the main reasons is access to finance – which, according to the latest IPCC report, needs to increase 3-6 times to meet climate targets. This year, the theme around resilient capital is therefore critical, and we hope to see investors participate and back climate commitments.” – Ms. Aditi Balbir, Co-founder, EcoRatings
Considering the historical emissions of developed nations, this principle emphasises the need for an equitable distribution of the burden of climate action.
“India’s priorities for COP28 will revolve around building on the positive momentum gained at the recently held G20, including focusing on tripling Renewable Energy capacity by 2030, developments in green hydrogen and the need of low-cost finance for energy transition. Additionally, India will focus on accountability and more ambitious climate mitigation plans from the wealthy, developed nations.
“Historically, 23 rich countries which account for 12% of global population have been responsible for 50% of global greenhouse gas emissions.
India has made significant strides in RE sector, where it had committed to 500 GW capacity by 2030. The actual RE capacity in the country was 172 GW as of March 2023.
“Still, a number of challenges remain in India’s bid for transition to renewable energy, including energy storage technology, Grid integration, Financial barriers and dependency on fossil fuels.
“Though India remains one of the fastest growing markets of renewable energy, it still remains largely dependent on coal to meet its growing energy needs. The government has decided not to add any new coal-fired plants in the recently formulated National Electricity Policy (NEP), apart from the ones already in the pipeline but it has clarified that there are no plans to phase out old coal-based power plants before 2030.” – Mr. Gautam Mohanka CEO , Gautam Solar
India’s Nationally Determined Contributions (NDCs) demonstrate the country’s commitment to sustainable development. India has committed to reducing emissions intensity by 4% and increasing the amount of electricity generated by non-fossil fuels to 50% by 2030 through the submission of two NDCs. Furthermore, India wants to use afforestation to generate 2.5–3 billion tonnes of carbon sinks.
“COP 28 stands as a global compass, directing us towards a sustainable future,urging industries to adopt eco-friendly practices. Businesses must lead the way in green innovation, embracing sustainability and making swift changes. I stress the importance of adopting eco-friendly technologies and collaborating for a carbon-neutral future. COP 28 should inspire industries to prioritize both profit and planet, steering us towards a future where sustainability is ingrained in business practices.” Mr. Sachidanand Upadhyay, Founder, Lord’s Mark Industries Pvt Ltd.
Beyond the official COP talks, India has led international projects like the Coalition of Disaster Resilient Infrastructure (CDRI) and the International Solar Alliance (ISA). India’s proactive approach towards addressing climate change beyond its borders is exemplified by these initiatives.
“COP 28 extends India’s G20 Presidency legacy, advocating sustainable development through renewable energy. Global conflicts impede pollution control efforts. Urgent plea: Cease wars, foster peace, prioritize renewables for sustainable growth.” – Mr. Anupam Anand, Socialpreneur
India is bringing strong red lines to COP28, highlighting its preference for reducing emissions intensity over absolute reductions in emissions. India declares that it will continue to rely on coal for power production for at least the next fifteen years, rejecting the idea of shutting down coal-fired power plants right away. Since the agriculture sector produces a large portion of India’s emissions, cutting emissions there is not negotiable because of the possible effects on food security.
There have been questions raised by recent disclosures regarding the UAE’s intention to discuss fossil fuel deals during COP28 meetings. Document leaks indicate commercial talks, which could jeopardise the integrity of the conference. The UNFCCC warns against the pursuit of global climate goals being hampered by personal interests and highlights the COP presidents’ duty of impartiality.
“COP28 marks a pivotal moment in our collective effort to combat climate change. This conference stands as a beacon for collaborative global efforts and we look forward to robust dialogues and decisive actions. Together, nations will strive to forge impactful decisions, exemplifying harmony in confronting the urgent and shared challenge of our era. The world’s eyes are on COP28, a crucial milestone in safeguarding our planet for future generations.” – Mr. Manish Dabkara, chairman and MD EKI Energy Services Ltd
As COP28 unfolds in Dubai, the world looks to leaders, including India, to set aside individual interests and forge a united front against climate change. The conference holds the promise of charting a course toward a sustainable future, where nations collaborate to mitigate the impacts of climate change. With India’s influential presence, COP28 offers an opportunity for global cooperation that transcends borders and secures a resilient planet for future generations.
Check out, COP 28 – Schedule of events
Charting a Greener Path: What to Expect for Earth’s Climate Odyssey at COP28
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