On Friday, Indian Prime Minister Narendra Modi suggested hosting COP33 in India in 2028. PM Modi declared in Dubai that “we must rise above self interest and transfer technology.”
“Despite the 17% population, our global carbon emission is less than 4%,” Prime Minister Narendra Modi stated at the start of the COP28 high-level segment for heads of state.
In his statement at the COP28 meeting in the United Arab Emirates, Modi stated, “India is committed to the UN Framework for Climate Change, which is why I propose from this stage that the COP33 Summit in 2028 be hosted in India.”
“Every developing nation should get an equitable portion of the global carbon budget. India’s Nationally Determined Contribution targets are expected to be met on schedule. India has shown the world how to prosper while maintaining a strong balance between the environment and the economy, Modi continued.
A $30 billion climate fund for global climate solutions was unveiled on Friday by President Sheikh Mohammed Bin Zayed Al Nahyan of the United Arab Emirates, whose nation is hosting the COP28 climate meeting. The fund is intended to draw $250 billion in investment.
According to a statement released by the COP28 Presidency, the fund, known as ALTÉRRA, will devote $25 billion to climate policies and $5 billion especially to encourage investment flows into the Global South.
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