With the Paris Meet 8 months away to decide the global approach to climate change and resolution to who should foot the carbon tax bill, a 2-day World Bank and International Monetary Fund (IMF) meeting on climate change is being held in Washington with 17 ministers, including India.
Indian environment minister Prakash Javadekar ahead of the meeting said, “Developed world would now have to walk the talk and will have to provide green climate fund to the developing world.” India may even bring into focus a successful and balanced agreement to address climate change.
India has announced its “Common but Differentiated Responsibility” approach to global climate change and seeks the developed world to pay the developing world or poorer nations like India and defer the carbon tax model by some time.
Hosted by the US, the Major Economies Forum on Energy and Climate, is expected to discuss future climate plans, or intended nationally determined contributions (INDCs). Besides, the transfer of technology and funds from the rich to the emerging nations will be focused by India at the meeting, said the minister.
The two-day Washington DC meeting provides all the 17 countries to focus on different approaches and reach a consensus or compromise before the beginning of the UN climate change meet scheduled to be held in Paris in December.
Besides India, French foreign minister Laurent Fabius and Peru’s environment minister Manuel Pugal Vidal, are participating at the meeting.
Opening the session on Sunday, United Nations Secretary-General Ban Ki-moon siad, “This year’s annual Spring meetings come at a critical moment. 2015 is our year to set the world on course to a more sustainable future for generations to come.”
He sought a “realistic” trajectory to mobilize $100 billion per year by 2020 that was pledged by developed countries in 2009 – with resources above and beyond official development assistance (ODA).
The UN Green Climate Fund has to be “up and running” – with projects and funding ready to go, which means at least half of the pledged contributions have to be in by October.