View: India needs to commit on greenhouse gases at G7
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Last Updated: Jun 10, 2021, 11:26 PM IST
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Synopsis
India will be the only country at the G7 summit with a nationally determined contribution (NDC) - its official submission to the UN climate convention - compatible with a 2° C pathway. It aims to position itself as a champion of renewable energy with the International Solar Alliance (ISA).
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The writer is former president, European Bank for Reconstruction and Development.
In advance of the two-day 2021 G7 Summit that starts today in Cornwall, Britain, the G7 countries announced that they would stop all financing for unabated thermal coal power projects by end-2021. Just two months earlier, 99% of HSBC's shareholders voted for the world's top financier of coal power to phase out support for the fuel by 2040. The energy transition is accelerating.