India’s Intervention at UNFCCC CoP29

1. Event Overview

• Event: UNFCCC CoP29 (29th Conference of Parties), 2024
• Location: Baku, Azerbaijan
• Indian Delegation: Ms. Leena Nandan, Secretary (MoEFCC), Deputy Leader of Delegation
• Context: India expressed disappointment at shift of focus from climate finance enablement to mitigation-only emphasis

2. India’s Key Stance

• Alignment: Statement aligned with Bolivia on behalf of Like-Minded Developing Countries (LMDCs)
• Principle: Climate action must follow UNFCCC & Paris Agreement, with Global South receiving adequate support
• Main demand: Balance mitigation ambitions with adequate finance & enablement

3. Critical Issues Highlighted

🔹 NCQG (New Collective Quantitative Goals)

• Climate Finance = key enabler for new NDCs
• Goal: USD 1.3 trillion total; USD 600 billion via grants/grant equivalents
• Structure must include:
  • Quantum, quality, timeframe, access, transparency, review
  • Expansion of contributor base
  • No shift to private-sector investment goals (NCQG ≠ investment goal)
• Emphasis: Climate actions must be country-driven

🔹 Mitigation

• India opposed changes in Mitigation Work Programme (MWP)
• Reiterated Paris Agreement targets for 2030, 2035, 2050
• Urged noting:
  • Pre-2020 mitigation gap by Annex-I parties
  • Rising emissions from Annex-I countries
  • Negative impacts of unilateral coercive measures

🔹 Just Transition

• India rejects narrow domestic interpretation of Just Transition
• Position: Developed countries must lead and provide means of implementation
• Domestic development and sustainable growth of Developing countries must not be constrained

🔹 GST (Global Stocktake)

• India disagreed with follow-up of GST outcomes that shift focus from finance
• Concern: Draft text emphasizes mitigation over finance
• Need: Maintain balance and linkage to UAE dialogue and finance commitments

🔹 Adaptation

• India stressed 5 pointsfor draft decision:
  1. Include indicators on means of implementation
  2. Focus on incremental & long-term adaptation per national circumstances
  3. Use Party-submitted data, not third-party databases
  4. Establish Baku Road Map for continuing adaptation work
  5. Indicators should reflect progress in Global Goal on Adaptation (GGA)

4. India’s Concluding Message

• CoP29 = Finance CoP / Balancing CoP / Enabling CoP
• India emphasized: Without adequate finance, mitigation ambitions are meaningless
• Responsibility lies with Developed countries obligated to provide finance
  
  Updated - 21 NOV 2024 11:02 PM | PIB