The 26th Conference of Parties (COP26) under the United Nations Climate Change Framework Convention (UNFCCC) is going to be held (from Oct 31 – Nov 12) in Glasgow, United Kingdom (UK). Prime Minister Narendra Modi is likely to be attending the conference in Glasgow and launch IRIS.
At COP 26, India along with the UK, Australia, and SIDS ( small island developing states) are launching IRIS ( Infrastructure for resilient island states).
COP26 will be a critical summit for global climate action. A chance for members to work to limit global warming to 1.5 degrees, by reducing global emissions (by half) by 2030 and reaching ‘net-zero’ by 2050.
This will be in line with the 2021 IPCC report, underscoring that it is still possible to achieve the 1.5-degree-target only if unprecedented action is taken now.
The signatories of the Paris Agreement are expected to submit new and more ambitious NDCs, as they are required to do so every five years (ratchet mechanism).
Strengthening the ability to adapt to climate change impacts. This will help to deal with economic and non-economic harms caused by climate change impacts which cannot be avoided through adaptation or mitigation, known as ‘loss and damage’.
With the impacts of COVID-19, it is vitally important that all work together to scale up finance from all sources and improve access to finance.
India, the UK, Australia are committed to initial funding of $10million for the project. Japan is also likely to support further.
At present IRIS is at the inception stage and resources will be aligned to the requirement of projects,” said Kamal Kishore, member secretary, National Disaster Management Authority (NDMA).
SIDS are already experiencing the impacts of climate change and disaster. They must have easy access to all the technology, knowledge, and assistance that they consider necessary,” PM Modi said earlier this year at an event in New Delhi.
Source – The Hindu, Business Standard