India is set to formally ratify the Paris Agreement on climate change today, on the birth anniversary of Mahatma Gandhi, taking a huge step to bring the historic agreement into force.
Gandhi’s birth day is also celebrated as the International Day of Non-Violence all over the world.
As the deal is being formally ratified, India will be responsible to reduce the country’s intensity of fossil-fuel emissions by 33 percent to 35 percent from 2005 levels by 2030.
Earlier, after the Union Cabinet approved ratification of the agreement, Union Minister Prakash Javadekar lauded the Cabinet’s decision saying: “Today the Union Cabinet approved the ratification of Paris agreement which is a historic decision.”
“With the ratification, India will be one of the key countries instrumental in bringing the Paris agreement into force.”
According to reports, India estimates a cost of $2.5 trillion for its climate-action plan. Environment Minister Anil Dave earlier said India will request developed countries to provide $100 billion per year in climate finance for poorer countries.
The country’s decision to ratify the deal comes after rounds of negotiations on compliance of domestic legal requirements, internal discussions and gaining clarity from the United Nations Framework Convention on Climate Change (UNFCCC).
According to the agreement, the pact will come into force once it is ratified by at least 55 countries that account for 55 per cent of global greenhouse gas emissions. Currently, more than 60 countries have given their approval to ratify the agreement. China and the US – responsible for around 40 per cent of the world’s carbon emissions – have already jointly ratified the Paris climate change deal.
The EU’s ministers have given nod for ratification of the Paris Agreement in an extraordinary meeting of the Environment Council held in Brussels two days back. Now, they are waiting for its final approval by European Union Parliament next week to take the agreement to each member state of EU.