The India Climate Observatory

Commentary, action and research on climate and development in India

  • Home
  • About
  • Monsoon 2018
  • Current
  • Bulletin
  • Contact
  • Announcements

India fires a climate finance broadside

September 21, 2019 by Climate portal editor Leave a Comment

We are pleased to note that the Union Ministry of Finance has issued a discussion paper titled ‘Climate Summit for Enhanced Action: A Financial Perspective from India’, for the 23 September 2019 United Nations Climate Action Summit.

The discussion paper examines various issues on climate finance from India’s point of view. We see that the paper reminds the United Nations that “in order to respond to the worldwide call for stepping up climate actions, it will have to be matched with adequate provision of climate finance from developed countries to developing countries as mandated by the United Nations Framework Convention on Climate Change (UNFCCC) under the principles of common but differentiated responsibilities and equity”.

That means, no dilution of or change in India’s stand on the matter of who is historically responsible for the material in our atmosphere (likewise in our oceans, ice sheets and soils) which has pushed the global parts per million (ppm) of CO2 to 410.45 (the measure for 2019 June, monthly mean, by the National Oceanic and Atmospheric Administration’s Earth System Research Laboratory) and which a year ago was 407.84 ppm.

The paper has said that “climate finance is a key pillar in enabling climate actions” with the most recent estimates for taking climate actions being trillions of US dollars and not billions, but that “the momentum of these flows is insufficient and inadequate”. Referring to India’s Nationally Determined Contribution, the paper said our NDC is on a “best effort” basis, keeping in mind the developmental imperatives of the country. The year 2023 is when UN member countries will undertake a first global stocktake under the Paris Agreement. At that time, said the paper, “India will be better placed to consider a mid-term assessment of its actions and suitably recalibrate through re-examination and improvement” while for now, “India may only be in a position to elaborate or clarify its post 2020 climate actions already pledged in its NDC”.

Global Climate Fund (GCF) finance to India as per the latest available information amounts to only US$ 177 million. This is literally less than peanuts, INR 1,258 crore – the Union Territory of Pondicherry spent INR 2,720 crore just on social sector expenditure in 2017-18. Furthermore, limited as it is, the GCF is now facing withdrawal of some earlier promised sums. That is why the paper says, “the GCF is yet to reach a meaningful stage”. We fully agree.

In 2015, developed countries published a roadmap for global climate finance to US$ 100 billion, which claimed that public climate finance levels had reached US$ 41 billion per year in 2013-14. However, these claims have been contested by many. There have been many critiques on such reporting particularly on credibility, accuracy and fairness. There have also been serious concerns raised about the methodologies of accounting especially the definitional requirements of ‘new and additional’ and ‘grant equivalent’ finance. Suffice to say that the claims of the developed countries do not stand up to scrutiny.

The paper has said that finance needs for India’s are approximately US$ 206 billion (at 2014-15 prices) between 2015 and 2030 for implementing adaptation actions in key areas like agriculture, forestry, fisheries, infrastructure, water resources and ecosystems. Apart from this, there will be additional investments needed for strengthening resilience and disaster management. (RG)

The full discussion paper is available here.

Filed Under: Latest Tagged With: climate, finance, Global Climate Fund, India, Paris agreement, UNFCCC

Between contemplation and climate

June 8, 2017 by Climate portal editor Leave a Comment

Whether or not the USA, Europe, the Western world, the industrialised Eastern world (China, Japan, South Korea, Taiwan), adhere to or not their paltry promises about being more responsible concerning the factors that lead to climate change, is of very little concern to us. We have never set any store by international agreements on climate change.

This year will see the twenty-third conference of parties of the UN Framework Convention on Climate Change and for 23 years the world and India have listened to lofty tales about simple science. In these 23 years, neither has reckless consumption been halted nor has the economic model that encourages such reckless consumption been questioned by the conference of parties. As long as they do not, inter-governmental agreements are useless.

That is why we find unnecessary and pointless the hand-wringing that has taken place about the decision of the government of the USA to exit what is called the ‘Paris Agreement’, the December 2015 document agreed to and signed by practically every country which has some fuzzy paragraphs about low-carbon economy, innovation, technology, energy and finance – all of which have very much to do with the hold of the finance capitalists and the global technocrats over the international systems of our time.

President number 45 of the USA is neither wiser than nor baser than the wisest of basest of any of his predecessors: the American political system has to do entirely with the desire to dominate other countries. Number 45’s manner may be irksome, but through him speaks the American finance capital, its bloatsome defence industry and its insensate technology industry.

We do not expect the chiefs of the Western countries, the so-called major powers of the European Union, and their allies such as Japan and Australia to do any less. They are no different. We do not think any of them, their armies of bland advisers, their bankers and the brigades of industrialists great and petty who crowd their corridors of governance have read, much less reflected, on the lambent wisdom of our civilisation.

Many centuries ago, in the section of the Digha Nikaya, or Collection of Long Discourses, called Samannaphala Sutta, or the Fruits of the Contemplative Life, it was written that there are those who are addicted to debates and shout: “You understand this doctrine and discipline? I’m the one who understands this doctrine and discipline. How could you understand this doctrine and discipline? You’re practicing wrongly. I’m practicing rightly. I’m being consistent. You’re not. What should be said first you said last. What should be said last you said first. What you took so long to think out has been refuted. Your doctrine has been overthrown. You’re defeated. Go and try to salvage your doctrine; extricate yourself if you can!”

And this is how we view what are called climate negotiations, between the experts of countries. We care not for the arguments of number 45 of the USA, for what many in the world in the last week have protested as being absurd – it undermines economy, it takes away jobs, it is unfair, it is disadvantageous to us, and so on – is what they cheer and support their own countries for in areas where they stand to gain, such as trade (to sell cheap and useless goods), technology (to enslave and control), finance (to spin webs of debt), processes of modernisation (to homogenise cultures so that ever more ‘markets’ come into being).

We in India need no such instruction. But we must guard against our philosophies being swept away by these agreements, these grand comities of nations, the barrage of numerics and scientifics that are invented to display to us what a threat we are should we not emulate the West and its ways. We must guard against our own who prefer the baubles of post-industrial society to the intellectual and spiritual riches of our civilisation, and who seek to infest India with the same technological and ‘modern’ wares that so entranced the West and doomed its folk. This has very little to do with climate and its change and very much more to do with our Indic sciences and their worth, our conduct and our duty to Punyabhoomi Bharat.

– Rahul Goswami

Filed Under: Blogs Tagged With: Bharat, civilisation, climate, Climate Change, convention, Europe, finance, India, Paris accord, Paris agreement, philosophy, technology, UN, UNFCCC, USA

India Climate Watch bulletin, on Budget 2014-15

July 14, 2014 by Climate portal editor Leave a Comment

ICW_2_image_for_ICPThe first Union Budget of the Bharatiya Janata Party-led National Democratic Alliance government has focused on the growth of the economy. Finance Minister Arun Jaitley has through India’s 2014-15 budget said he will “usher in a policy regime” that takes the country “towards a sustained growth of 7-8 per cent or above within the next 3-4 years”.

Such an approach will have a very sizeable impact on India’s response to climate change. Industry and the states take their cues from the broad direction given in the annual budget, which is the most authoritative and powerful regular statement by the government that guides citizens, businesses, the public sector, and administrations at every level. In this edition of India Climate Watch, we quickly analyse the 2014 budget for what it will mean to the country’s ability to deal with a changing climate.

ICW_2_image_for_ICP_smIn the second India Climate Watch of our new series, we unpack key statements in Union Budget 2014-15 for what they mean to the country’s need to balance economic imperatives against the growing national footprint. We find a few positives and several points of concern, which are:

  • The Finance Minister said it is his duty to steer towards desired macro-economic outcomes of higher growth, lower inflation, sustained level of external sector balance and a prudent policy stance. He added that “it would not be wise to expect everything that can be done or must be done to be in the first Budget presented within forty five days of the formation of this government”. Positive, with qualifications
  • Higher growth is presented as the “sine qua non” that continues in this budget -as has been the trend for the last decade – to search for a link with bringing a large section of India’s population out of poverty. Negative
  • A number of individual provisions collectively mean greater support to renewable energy and to making efficiency in conventional energy generation the basis for power generation. The use of electricity in agriculture (by erratically metered or unmetered pumpsets) is to be addressed by solar power-driven pumpsets. A ‘clean energy cess’ on the extraction of coal has been doubled. Positive

The relationship between the central government and states is a factor that influences budgetary support for dealing with the effects of climate change. Read why in the India Climate Watch bulletin 2014 02 (pdf, 187kb).

Filed Under: India Climate Watch, Reports & Comment Tagged With: 2014-15, Arun Jaitley, BJP, budget, energy, finance, India Climate Watch, NDA, renewable

Indiaclimate twitter

Tweets by @Indiaclimate

Notable

Between contemplation and climate

Whether or not the USA, Europe, the Western world, the industrialised Eastern world (China, Japan, South Korea, Taiwan), adhere to or not their paltry promises about being more responsible concerning the factors that lead to climate change, is of very little concern to us. We have never set any store by international agreements on climate […]

The ‘Hindu’, ignorant about weather and climate, but runs down IMD

We find objectionable the report by ‘The Hindu’ daily newspaper accusing the India Meteorological Department of scientific shortcoming (‘IMD gets its August forecast wrong’, 1 September 2016). The report claims that the IMD in June 2016 had forecast that rains for August would be more than usual but that the recorded rain was less than […]

dialogue

  • Misreading monsoon | Resources Research on Misreading monsoon
  • Satish on A tribute to the weathermen of Bharat
  • Climate portal editor on A tribute to the weathermen of Bharat
  • Climate portal editor on A tribute to the weathermen of Bharat
  • Climate portal editor on A tribute to the weathermen of Bharat

Categories

Copyright © 2025 indiaclimateportal.org.