The Union Cabinet gave its approval for signing the Paris Agreement adopted at the 21st Conference of Parties of UNFCCC held in Paris in December 2015.
In this regard, Union Minister of State (Independent Charge) of Environment, Forest and Climate Change Prakash Javadekar will sign the agreement on behalf of India.
The Paris Agreement on climate change is considered as a milestone in global climate cooperation.
It is meant to enhance the implementation of the Convention and recognizes the principles of common but differentiated responsibilities, equity and respective capabilities in the light of different national circumstances.
Key features of the Paris Agreement
Rights of Developing Countries: Acknowledges the development imperatives of developing countries and their rights to development.
It also supports their efforts to harmonize development with environment and protecting the interests of the most vulnerable.
Sustainable Development: It recognizes the importance of sustainable lifestyles and sustainable patterns of consumption. In this regard developed countries take the lead and also highlight the importance of ‘climate justice’ in its preamble.
Implementation of the Convention: It reflects the principles of equity and common but differentiated responsibilities and respective capabilities especially in the light of different national circumstances.
Other Objectives: It further ensures that it is not mitigation-centric and includes other important elements such as adaptation, finance, loss and damage, technology, capacity building and transparency of action and support. Pre-2020 actions are also part of the decisions.
Financial support from Developed countries: They have been urged to scale up their level of financial support with a complete road map.
The sole purpose the financial support from developed countries is to achieve the goal of mitigating climate change jointly providing US 100 billion dollars by 2020.
The financial support will be used for mitigation and adaptation by significantly increasing adaptation finance from current levels.
It will further provide appropriate technology and capacity building support.
Current Affairs 20th April, 2016 Highlights of Union Budget 2016-17 Highlights of Railway Budget 2016-17
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