Context: How India and EU are working towards the goal of mitigating climate change and what needs to be done further.
In the Post-Covid world, investment towards greening the global economy has become a necessity so that situation doesn’t get any worse than at present, due to climate change. India and EU are taking many positive steps towards greening the global economy.
What were the steps taken by EU to achieve climate neutrality by 2050?
- Firstly, to achieve climate neutrality in the EU by 2050, the European Commission has launched the European Green Deal (a new growth model and roadmap).
- Second, EU has designated more than half a trillion euros to address climate change by 2050 under “Next Generation EU” recovery package and long-term budget.
- Third, EU leaders have agreed to reduce greenhouse gas emissions by at least 55% compared to 1990 levels by 2030. Achieving this target will also help them to save up to €3 trillion by 2050.
How EU countries and India has been responded to climate change?
No country alone will be able to deal with the issue of climate change, thus There is a need to foster cooperation with partners from all around the world on the same format as has been done by EU and India;
- Firstly, with participation of EU countries like UK and France, India has taken several initiatives such as the International Solar Alliance, the Coalition for Disaster Resilient Infrastructure, and the Leadership Group for Industry Transition to tackle climate change.
- Second, India and Europe are engaged to make upcoming COP 26 in Glasgow on climate change and COP 15 in Kunming on biodiversity successful.
- Third, Team Europe has assured close cooperation with India on green investments and the sharing of best practices and technologies.
What is the Way forward?
- Clear targets: International community need to come forward with a clear strategy for net-zero emissions and to enhance the global level of ambition for 2030.
- Climate Financing: There is an urgent need to mobilize $100 billion to countries most in need, together with the commitments from the receiving countries.
- Nudge Individuals: Along with good public policies, countries need to foster small individual actions to attain a big collective impact.
- Collective action: Countries should mobilize best scientists, business people, policymakers, academics, civil society actors and citizens to achieve climate neutrality.
By ensuring cooperation and taking all necessary steps most dramatic impacts of climate change on our societies can be avoided otherwise out next generation will have to bear the burden of climate change and pay off the debt of the recovery.