PM Modi Urges Greener Future for UAE and India Through Climate Financing and Tech Transfer

By siliconindia  |  Friday, 01 December 2023, 06:05:22 PM IST

PM Modi Urges Greener Future for UAE and India Through Climate Financing and Tech Transfer
Prime Minister Narendra Modi has arrived in the United Arab Emirates to attend the World Climate Action Summit. During an interview, the Prime Minister expressed optimism that the UAE-hosted COP28 will provide fresh momentum for effective climate action. He also highlighted the partnership between India and the UAE in shaping a greener and more prosperous future. "We remain steadfast in our joint efforts to influence the global discourse on climate action", he added.
The Prime Minister of India has stated that the partnership between India and the UAE in the field of renewable energy is becoming stronger every day. Both countries, with a longstanding bond, are committed to supporting the International Solar Alliance's Global Solar Facility and are working together to develop a common grid to enhance energy security. This visionary collaboration will pave the way for a brighter and more sustainable future.
With regard to climate finance, the Prime Minister said that he has always maintained that combating climate change requires a coordinated international effort. "It is essential to recognize that developing countries have not contributed to the creation of the problem. Yet developing countries are willing to be a part of the solution. But, they cannot contribute without access to the financing and technology needed. I have therefore advocated strongly for global cooperation for ensuring requisite climate financing and technology transfer", the Prime Minister said. 
Speaking further, PM Modi said that climate action must be based on equity, climate justice, shared obligations and shared capacities. He also emphasized ensuring that the development priorities of the Global South are not compromised. "I am happy that during the recent New Delhi G20 Summit, this aspect has been properly addressed, including through a recognition of the need to rapidly and substantially scale up investment and climate finance from billions to trillions of dollars globally from all sources", PM Modi noted. 
The Prime Minister said that cooperation between the two nations covers the whole energy spectrum with a particular emphasis on sustainability. "Our enduring relationship is founded on multiple pillars, and our Comprehensive Strategic Partnership expresses the dynamism of our ties. We are particularly happy that UAE is hosting COP28, and I congratulate the Government and people of the UAE on this special occasion", he added. 
PM Modi also outlined that the two nations have been actively collaborating on addressing the pressing global challenge of climate change. During my July visit to UAE, we issued a joint statement on climate change, reflecting our commitment to this cause", he said. Prime Minister Modi also expressed hope that COP28 would bring fresh impetus to effective climate action and international cooperation in advancing the goals of the UNFCCC and the Paris Agreement.

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