A day after the European Union called for India to contribute to the Green Climate Fund after 2020, India has said at the United Nations that developing nations should be given additional funds to deal with looming consequences of climate change. Even though there is still a lot of debate around the causes and consequences of climate change, nearly all parties agree that a preemptive mitigation strategy is required.
Green action would require agreement on the apportioning of responsibilities, and a broad global agreement on this has been elusive so far.
However, individual nations are already announcing green policies—on carbon-cutting targets, carbon sequestering, etc—as are bilateral and multilateral accords on environment. A case in point is the recent carbon-cutting deal between the US and China. China is clearly moving forward in this direction—as reported by Reuters, it has issued new guidelines that standardise industry’s measuring and reporting of their greenhouse gas emissions. In such a scenario, even though India strongly advocates the Common But Differentiated Responsibilities principle upheld by the United Nations Framework Convention for Climate Change—as it should—it will have to soon adopt a green policy framework before international pressure to act mounts.