Developed nations must keep their $100 bn a year commitment: UN chief

On the eve of climate summit in Paris, UN chief Ban Ki-moon has asked developed nations to keep their pledge to provide $100 billion a year by 2020 to support concrete mitigation actions by the developing countries as he underlined the need for a durable universal deal to address the rising greenhouse gas emissions.

“I expect the world to conclude a universal climate agreement in Paris. The agreement must be durable — it should provide a comprehensive, long-term vision of the opportunities created by low-emission, climate-resilient development and flexible. It must be rooted in solidarity,” The UN Secretary General told PTI ahead of the Climate Change Summit due to begin in Paris tomorrow.

“Developed countries must keep their pledge to provide $100 billion a year by 2020. All concerned — both developed and developing countries —— must be part of a consultative, politically credible process for defining the $100-billion trajectory,” he said, adding that the Paris agreement must provide for credible means of implementation, including climate financing.

The industrialised nations had earlier committed to long-term financing support in the form of a green climate fund worth $100 billion a year to support concrete mitigation actions by the developing countries.

In its Intended Nationally Determined Contribution (INDC), India has offered to slash its emissions per unit of gross domestic product figures to 35 per cent by 2030. It has, however, warned that international efforts to arrive at a climate deal will not succeed if they are “laced” with “persistent attempts” to dislodge the balance of responsibilities between developed and developing countries.

Ban said that the climate agreement “must strike a balance between the leadership role of developed countries and the increasing responsibility of developing countries to take action in line with their capabilities and respective levels of development.”

“But I think the question overlooks the fact that there are viable sustainable development paths that are consistent with moving toward a low-carbon economy,” Ban said.

Ban noted that India has embarked on major projects to scale up investments in solar energy, giving the opportunity to more people to benefit from access to clean energy than ever before.

“Taking climate action is not about accepting sacrifice; rather, it is about pursuing opportunities to build sustainable and competitive economies,” the UN chief said.

A critical issue, climate finance, has been described as being key to the success of the Paris summit.

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