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India an excellent example of balance between ecology and economy: PM Modi at COP28

Proposes to hold COP33 in India; launches Green Credit Initiative

Prime Minister Narendra Modi, on Friday, said India has presented an excellent example of the balance between ecology and economy before the world.

Addressing the high-level segment for heads of states and governments during the UN climate conference in Dubai, the prime minister said despite India being home to 17 per cent of the population of the world, its contribution to Global Carbon Emissions is less than 4 per cent.

India is one of those few economies of the world that is on the path to meeting NDC (nationally determined contributions) targets, the PM said and added that the country reached its non-fossil fuel targets nine years before the deadline.

"India's goal is to bring down emissions intensity by 45 per cent till 2030. We have decided to increase the share of non-fossil fuel to 50 per cent. We will also keep going ahead towards our goal of net zero by 2070," the prime minister said.

Modi proposed to host the UN climate conference in 2028 or COP33 in India and launched the Green Credit Initiative focused on creating carbon sinks through people's participation.

He called for maintaining a balance between mitigation and adaptation and said energy transition across the world must be "just and inclusive".

The PM urged rich countries to transfer technology to help developing nations combat climate change.