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LATEST NEWS UPDATES | India staying out of major climate pledges at COP26: Officials argue varied reasons -Subhayan Chakraborty

India staying out of major climate pledges at COP26: Officials argue varied reasons -Subhayan Chakraborty

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published Published on Nov 4, 2021   modified Modified on Nov 8, 2021

-MoneyControl.com

While India has been one of the earliest and key signatories of multiple global environmental agreements, it has given a wide berth to three major initiatives. Officials tell Moneycontrol why that's been the case.

Despite surprising large segments of the global community and climate experts by announcing major commitments, India has till now stayed away from all the major pledges at the COP26 climate summit in Glasgow.

Early on Thursday, the UK announced the ‘Global Coal to Clean Power Transition Statement’ agreement where 18 countries and 170 organisations and businesses have initially committed to ending all investments in new coal power generation domestically and internationally.

This could end over 40GW of coal across 20 countries, according to the British government and lead to rapid deployment of clean power and associated technology across these nations, which include the UK, Vietnam, Chile, Poland and Ukraine.

India, the second-largest producer and user of coal, has till now refused to sign a global deal to ditch it, the burning of which is considered to be the single-biggest contributor to climate change. Coal still produced around 37 percent of the world’s electricity as of 2019.

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MoneyControl.com, 4 November, 2021, https://www.moneycontrol.com/news/business/economy/india-staying-out-of-major-climate-pledges-at-cop26-officials-argue-varied-reasons-7678901.html


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