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Thursday, April 21, 2016

India to sign Paris accord on Friday

The Union Cabinet cleared the Paris climate change proposal paving the way for India becoming a signatory to the deal that commits signatory countries to limit rise in global temperature by 2022 to 2 degrees Celsius above pre-industrialisation level.

The deal also proposes a $100 billion funding by the industrialised nations to facilitate transfer of environment-friendly technologies to developing countries.

India had advocated a strong and durable climate agreement based on the principles and provisions of the United Nations framework convention on climate change (UNFCCC) and the agreement addresses all the important “concerns and expectations” of India.

Union environment minister Prakash Javadekar will ink the deal on India’s behalf this Friday alongside a record number of more than 150 countries, in the presence of the UN secretary general Ban Ki-moon. The signing ceremony will mark the first step toward ensuring that the Paris Agreement enters into force as early as possible.

Read For More News: visit Financial Chronicle Newspaper

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