New Delhi, Nov 10 (IANS) Environment Minister Prakash Javadekar on Tuesday said enlarging the donor base for financing to mitigate climate change would “not be appropriate” from the perspective of the developing countries.
“The commitment to provide finance by developed countries is based on their historical responsibilities and not only on their economic capacities. Any attempts, therefore, to enlarge the donor base by countries in a position to do so or countries willing to do so, will not be appropriate from our perspective,” Javadekar said at the closing plenary session of pre-CoP-21 in Paris.
The world leaders would gather in Paris for the 21st meeting of Conference of Parties (CoP-21) on climate change from November 30 to December 11 to negotiate an agreement, applicable to all countries, with an aim of keeping global warming below 2 degrees Celsius.
To provide long-term financial support, developed countries have pledged to provide funds rising to 100 billion dollars per year by 2020 to support mitigation actions by the developing countries.
“While post 2020 finance has to be predictable and scaled up from 100 billion dollars onwards, we do not want to see a change in the very paradigm in which finance has been talked about in the convention,” he said.
Post-2020 financing for mitigation of climate change was fundamental to the success of Paris summit, he said.
He also stressed that the Paris decision on pre-2020 actions should incorporate elements of ambitious mitigation actions by developed countries and enhanced support to the developing countries to enable them to take affirmative climate action.