Net Zero Agenda Faltering: “Pie in the Skyâ€
April 2, 2021
Yesterday, Pakistan’s prime minister Imran Khan warned that COP26 will end in failure without hundreds of billions in annual support from the rich West. Developing countries would need about $400 billion a year in climate finance support to shift towards low carbon development pathways, yet developed countries had failed to deliver the $100 billion a year of climate finance promised as part of the Paris agreement.
Now, India has come out fighting, calling the West’s 2050 Net Zero targets “pie in the sky.†India’s energy minister said poor nations want to continue using fossil fuels and the rich countries “can’t stop itâ€.
According to both the UK and US governments, at the UN climate summit in November all countries should adopt Net Zero emissions targets similar to those adopted by Western nations. The fundamental problem with this expectation is that it contravenes the Paris Climate Agreement which cements the UN’s key principle of ‘Common but Differentiated Responsibilities and Respective Capabilities.‘ This principle acknowledges that developing nations have different capabilities and differing responsibilities in reducing CO2 emissions.
https://notalotofpeopleknowthat.wordpress.com/2021/04/02/net-zero-agenda-faltering-pie-in-the-sky/
