India Advocates Carbon Negativity for Developed Nations

India Advocates Carbon Negativity for Developed Nations

BY  
Tracy Liu  
- October 18, 2023

India is urging developed nations to aim for carbon negativity by 2050, rather than just carbon neutrality, arguing that this approach would permit emerging economies more time to use fossil fuels for their development, as reported by Reuters on October 13. This proposal is set to be presented at the COP28 climate summit in Dubai. Developed countries such as the US, UK, Canada, and Japan are targeting net zero by 2050, while China has set its target for 2060 and India for 2070.

Carbon neutrality means offsetting the carbon dioxide released into the atmosphere with equivalent removals. Carbon negativity goes further, requiring a country to remove more CO2 than it emits. India, facing pressure to commit to a deadline for phasing out coal and fossil fuels, advocates focusing on overall carbon emissions reduction through abatement and mitigation technologies. At the recent G20 summit, countries agreed on the need to phase down unabated coal power, a significant step in climate negotiations. However, India insists it’s not feasible to set a timeline for ending coal use due to its current reliance on the resource for energy production. COP28, where these discussions will continue, is scheduled for November 30 to December 12.

Sources:

https://www.reuters.com/sustainability/india-push-developed-nations-become-carbon-negative-before-2050-sources-2023-10-13/

https://www.reuters.com/sustainability/india-push-developed-nations-become-carbon-negative-before-2050-sources-2023-10-13/

Mulai Gunakan Seneca ESG Toolkit Hari Ini

Pantau kinerja ESG di portofolio, buat kerangka ESG Anda sendiri, dan ambil keputusan bisnis yang lebih baik.

Toolkit

Seneca ESG

Tertarik? Hubungi kami sekarang

Untuk menghubungi kami, silakan isi formulir di sebelah kanan atau email langsung ke alamat di bawah ini

sales@senecaesg.com

Kantor Singapura

7 Straits View, Marina One East Tower, #05-01, Singapura 018936

+(65) 6223 8888

Kantor Barcelona

Carrer de la Tapineria, 10

Ciutat Vella, 08002, Barcelona, Spain

+34 612 22 79 06

Kantor Taipei

77 Dunhua South Road, 7F Section 2, Distrik Da'an Taipei City, Taiwan 106414

(+886) 02 2706 2108

Kantor Lima

Av. Santo Toribio 143,

San Isidro, Lima, Peru, 15073

(+51) 951 722 377