India, UAE ask developed countries to meet USD 100 billion climate finance commitment

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They also stressed the need for international cooperation in supporting developing countries to effectively combat the adverse effects of climate change, in accordance with the provisions of the treaty and the Paris Agreement.

Prime Minister Narendra Modi and United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al Nahyan on Saturday said there is an urgent need to fulfill the commitment to provide USD 100 billion to developed countries for climate change mitigation and adaptation. Needed. In a joint statement on climate change issued following talks between the two leaders, India and the UAE underlined the importance of collective action to achieve the goals of the Paris Agreement. Modi congratulated the UAE on being chosen as the host country of COP-28 in 2023 and extended his full support for the upcoming presidency of the climate conference. The Prime Minister thanked Sheikh Mohammed for the invitation to attend COP-28.

The Prime Minister said, “I am grateful for your invitation and I have always wanted to come here. I have decided to attend the COP-28 summit in the UAE. called for the acceleration of efforts. The two leaders underlined the imperative to achieve an ambitious, balanced and implementation-oriented outcome at COP-28 on all important pillars of global climate action – mitigation, adaptation, mitigation and means of implementation, including climate finance. “In this context, the two leaders highlighted the importance of the ‘Global Stocktake’ and its successful conclusion at COP-28,” the joint statement said.

‘Global Stocktake’ refers to the exercise to take stock of global collective action in relation to achieving the objectives of the conventions and the goals of the Paris Agreement. They stressed the importance of implementing a balanced approach to the ‘Global Stocktake’ at COP-28 and called on States to use the results of the ‘Global Stocktake’ to strengthen their national commitments. It also includes mobilizing more finance and cooperation for developing countries. They also stressed the need for international cooperation in supporting developing countries to effectively combat the adverse effects of climate change, in accordance with the provisions of the treaty and the Paris Agreement.

Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.



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