Loss and Damage Fund, climate finance and NDCs to be among key focus areas for India: Environment Minister
climate finance and issues related to nationally determined contributions to reduce emissions will be the focus areas of discussions that India would be taking up during the COP28, Environment Minister Bhupendra Yadav said on Thursday. He was speaking at the opening ceremony of the Indian Pavilion at COP28 where he underscored the importance of everyone to come together to fight climate change.
«We have seen India's commitment towards its environment-friendly policies… There are many issues to discuss here...there is loss and damage, also the issues of the last COP like article 6 and the climate finance associated with developing countries, those issues will also be discussed at the COP,» he said.
Article 6 regulates voluntary cooperation among countries to achieve their Nationally Determined Contributions (NDCs) to reduce emissions.
It incorporates both market mechanisms and non-market approaches, including cooperation in areas such as finance, technology transfer and capacity building.
He did not respond to questions from PTI on what stand India is expected to take on the Loss and Damage fund.
However, it has been learnt that India is expected to advocate for a bigger scope in the Loss and Damage Fund (LDF) to compensate developing nations for climate change to ensure inclusivity for them.
At COP27 last year, the Loss and Damage Fund was agreed to by the Parties to provide financial assistance to developing nations suffering from adverse climate change impacts.
