Modi-Kerry meeting: US promises affordable access to green technologies and requisite finance for India's climate action

NEW DELHI: The US special presidential envoy for climate John Kerry on Wednesday called on Prime Minister Narendra Modi and discussed issues relating to the upcoming virtual leaders summit which is to be held on April 22-23 to galvanise global support towards net-zero emission goal in the run-up to the 26th session of the UN climate conference.
Kerry during the meeting promised to extend the US support to Indias climate plans by facilitating affordable access to green technologies and requisite finance.
“The Prime Minister Modi agreed that cooperation between India and the United States particularly on financing innovation and faster deployment of green technologies would have a positive demonstration effect on other countries,” said a statement from the Prime Minister’s Office (PMO).
Discussions centred on forthcoming climate leaders summit as well as climate issues in the context of the @COP26 to the @UNFCCC which is to be held later this year, tweeted the ministry of external affairs (MEA) spokesperson, Arindam Bagchi, on Modi-Kerry meeting.

Kerry had on Tuesday held separate meetings with finance minister Nirmala Sitharaman, external affairs minister S Jaishankar and environment minister Prakash Javadekar with a focus on raising climate ambition by revising country-specific climate action called Nationally Determined Contribution (NDC) targets under the Paris Agreement.
After concluding his first day of meeting with Indian leaders, Kerry made a strong pitch for bringing India on board for higher mitigation ambition through a tweet saying We must raise ambition together, or we will fail together.

Terming India a vital partner in fighting against the climate crisis, Kerry tweeted, We are learning more about how India is making progress towards its Paris Agreement targets and discussing how we can partner to drive down global emissions and invest in resilience.

India is among few countries that are well on track to meet their NDC targets under the Paris Agreement.
The US is, on the other hand, lagged far behind due to then-president Donald Trump’s decision in 2017 to stay out of the global deal and the promised climate action.
Though the country has rejoined the Paris Agreement after Joe Biden takes over as the US president in January, it will have to raise its climate goal substantially to make up for the lost time and action.
It is expected that the US will join over 120 countries, accounting for 51% of global greenhouse gas (GHG) emissions, which have already announced to have net-zero (emission minus removal amounts to zero) targets a goal which is considered crucial to limit global warming to 1.5 Degree Celsius rise by the end of the century from the pre-industrial (1850-1900) levels.
Besides raising its own climate ambition, the US during the upcoming leaders’ summit would appeal to the worlds major economies to reduce emissions during this critical decade to keep a limit to warming of 1.5 degree Celsius within reach.
The idea behind the Summit is to also mobilize public and private sector finance to drive the net-zero transition and to help vulnerable countries cope with climate impacts.
Besides Modi and Biden, Chinese President Xi Jinping, French President Emmanuel Macron, Germany Chancellor Angela Merkel, Prime Minister of Bangladesh Sheikh Hasina and UK Prime Minister Boris Johnson will be among the 40 world leaders to attend the Summit.

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