EU’s Draft Summit Statement Shows It Seeking India’s Support For Plastics Treaty

A draft statement prepared for a virtual summit shows that India will be asked to join the efforts of the European Union to create a global treaty on plastic pollution.

“The EU invited India to consider endorsing the Leaders’ Pledge for Nature, and effective engagement with like-minded countries on negotiations on a Global Plastics Agreement,” said the draft statement which must be signed off by EU ambassadors and needs New Delhi’s final approval as well, said a report published by the news agency Reuters.

The effort of the EU is to create a legally binding international treaty so that the accumulation of plastic pollution in the oceans of the world and natural habitats can be stopped.

The target is to gain as much support to the efforts as possible prior to a meeting at the United Nations in February next year where negotiations on an agreement between countries can be launched. That could lead to an international agreement such as the 2015 Paris Agreement which has been signed by almost 200 countries that have committed to taking measures to avoid catastrophic climate change.

Indian and the EU are expected to pledge to increase cooperation to limit climate change at the virtual summit which is part of a wider bilateral agenda which the EU hopes will also involve closer trade relations and means to counter the domination of China.

Regular meetings for increasing collaboration in multiple fields of such as renewable energy, energy storage technology, and modernising power grids will be held between the EU and India, said the draft statement.

India has set a target of achieving 450 gigawatts (GW) of renewable energy generation capacity by 2030 which would be five times the current capacity of 93GW.

There is growing pressure on India, the third largest carbon emitter of the world after China and the United States, to set a target of achieving net zero emissions by 2050 – a commitment that has been made by the EU and the US while China has set a target of 2060.

India however is concerned about a constriction of the energy needs of its people if it commits to such a target said the Reuters report quoting information from sources in the Indian government.

Financial support to India for climate-related issues such as in the area of renewable energy and green transport was being extended by and increased by the European Investment Bank and EU countries’ development banks, said the draft summit statement.

(Adapted from WionNews.com)



Categories: Creativity, Economy & Finance, Regulations & Legal, Strategy, Sustainability

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