Why in the News?

India clarified its stance regarding climate negotiation at the Plenary Session of the UNFCCC-COP29.

India's stance on various aspects

• New Collective Quantified Goal (NCQG): Proposed a goal of $1.3 trillion annually, with $600 billion coming from grants or equivalent resources.
• Mitigation: 
  • Opposed changes to the scope of the Mitigation Work Programme (MWP) and attempts to alter temperature goals in the Paris Agreement.
  • Urged recognition of the pre-2020 mitigation gap by developed countries (Annex I Parties).
• Just Transition:
  • India asserted that developed countries should provide financial and technological support to developing countries for a just transition.
  • Just transitions must respect the right to development and sustainable priorities of developing countries.
• Global Stocktake (GST):
  • Opposed follow-up mechanisms for GST outcomes, citing the Paris Agreement's framework.
  • Criticized the UAE dialogue text for its lack of connection to finance, imbalance, and mitigation-centric language.
  • Proposed specific revisions to better align the text with finance and emission trends.
• Adaptation:
  • India called for clear indicators to measure progress on adaptation.
  • Opposed the use of third-party databases for reporting indicators, advocating for Party-submitted data only.
  • Supported the establishment of the Baku Road Map to advance work on the Global Goal on Adaptation (GGA).