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Just transitions must reflect climate justice, India at CoP29 | Current Affairs | Vision IAS
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Just transitions must reflect climate justice, India at CoP29

Posted 19 Nov 2024

Updated 20 Nov 2024

2 min read

India underscored the need for global climate justice and equitable action during the Second Annual High-Level Ministerial Round Table on Just Transition at CoP29 .

About Just Transition

  • It is broadly defined as ensuring that no one is left behind or pushed behind in the transition to low carbon and environmentally sustainable economies and societies.

Need for just transition

  • Climate Change Mitigation: Switching to low-carbon energy is key to limiting global warming.
  • Global Commitments: Help in meeting India's Nationally determined contributions (NDCs) and Panchamrita Pledge.
  • Energy Security: Reduces reliance on fossil fuel imports.

Challenges in just transition

  • Determining cost of just energy transition: At global level, there is no established empirical method to estimate the cost of a just energy transition 
  • Intellectual Property Issues: IPR on green technologies hinders their access to developing countries.
  • Ethical Dilemmas: Equity and Responsibility, Environmental Justice, Economic Justice etc.
  • Other Issues: Limited domestic financial resources, May lead to high economic vulnerabilities etc.

Way ahead

  • Unrestricted Technology Transfer
  • Equitable Public Climate Finance from Developed Countries
  • Strengthened International Cooperation and Trust in Climate Action
  • Set up National Just Transition body to independently monitor Just transition

Initiatives Taken for Just Transition in India

  • PLI Scheme: To build an ecosystem for manufacturing of high efficiency solar PV modules in India. 
  • Sovereign Green Bonds to reduce carbon intensity.
  • National Clean Energy Fund (NCEF) funds clean energy ventures through a coal cess .
  • Launch of Green Term Ahead Market to facilitate sale of renewable energy power through exchanges.
  • Tags :
  • Just Transition
  • Panchamrita Pledge.
  • Nationally determined contributions
  • National Clean Energy Fund (NCEF)
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