‘Post-2020 finance’ fundamental to success of Paris climate pact: Javadekar

Paris, Nov. 10 (ANI): Making an intervention at the closing plenary session of the pre-Conference of the Parties (CoP) 21 at Paris today, Union Minister of Environment, Forest and Climate Change, Prakash Javadekar said that though the Paris Agreement has to be ambitious, the ambition should not be ‘unrealistic’.

He pointed out that that the crucial question of post-2020 finance is fundamental to the success of the Paris Agreement.

Javadekar said that pre-2020 actions are the key to build trust among parties. He also said that there can be no Action Holiday in the pre-2020 period.

He also stressed that the Paris decision on pre-2020 actions should incorporate elements of ambitious mitigation actions by developed countries and enhanced support to the developing countries to enable them to take affirmative climate action.

He added that the commitment to provide finance by developed countries is based on their historical responsibilities and economic capacities.

“We are all aware of the enormity of the task that is before us and time is clearly not on our side. We cannot, therefore, afford to complicate Paris and as I have said umpteen number of times, we should keep Paris simple. To us, Paris will be a good beginning, for enhancing our actions under the convention, and there will be life after Paris. We should therefore not try to solve every issue, including technical details in Paris, but leave it for the following CoPs,” Javadekar said.

“While Ambition is the key to success of our efforts to combat Climate Change, I would as I have often cautioned, not to be unrealistic in our Ambition. We also need to see Ambition in the context of our developmental imperatives, which is so essential for developing countries,” he added.

Talking about the crucial question of post-2020 finance in regards to the climate pact, Javadekar said it was fundamental to the success of the climate pact and has been recognized.

“While post-2020 Finance has to be predictable and scaled up from USD 100 Billion onwards, we do not want to see a change in the very paradigm in which finance has been talked about in the Convention. The commitment to provide finance by developed countries is based on their historical responsibilities and not only on their economic capacities,” Javadekar said.

However, he added that any attempts to enlarge the donor base by ‘countries in a position to do so’ or ‘countries willing to do so’, will not be appropriate.

“To us, the enlarging of donor base and shrinking of recipient base will amount to tinkering with the basic rubric of the Convention and that is, clearly, not what we intend to do,” he said. (ANI)

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