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    Vikshita Vitthal Gujaran in News

    08-Nov-2022 10:34 AM


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    Loss And Damage At Major Climate Summit In Egypt: What It Means for India

    The US's contribution towards global warming is the largest at 25 per cent As COP27, the annual UN climate jamboree starts, India appears to be on a strong footing to play a decisive, leadership role even though it has an Achilles heel vulnerability.
    At this Conference of Parties of over 190 nations, pressure is building on rich nations to pay for the loss and damage - which is finally on the agenda after decades of pushback - in poor and developing nations due to global warming, for which the rich nations are historically responsible.
    As COP27 opened on November 6, the World Meteorological Organisation (WMO) reported that the last eight years have been the warmest on record Low-lying island states like the Maldives and the Marshall Islands are running out of time.
    At the current rate of emissions, 1.5 degree Celsius is likely to be breached by 2030, which is why it's being seen as a make-or-break year.
    Despite the ambitious renewables targets, India will be adding to its coal power capacity.
    Losses due to India's emissions to itself have been calculated at approximately $109 billion dollars, cumulatively over 1990-2014 by the Historical Climate Damages study.

    Source - NDTV
    #egypt #india