India underscored the need for global climate justice and equitable action during the Second Annual High-Level Ministerial Round Table on Just Transition at CoP29 .
About Just Transition
- It is broadly defined as ensuring that no one is left behind or pushed behind in the transition to low carbon and environmentally sustainable economies and societies.
Need for just transition
- Climate Change Mitigation: Switching to low-carbon energy is key to limiting global warming.
- Global Commitments: Help in meeting India's Nationally determined contributions (NDCs) and Panchamrita Pledge.
- Energy Security: Reduces reliance on fossil fuel imports.
Challenges in just transition
- Determining cost of just energy transition: At global level, there is no established empirical method to estimate the cost of a just energy transition
- Intellectual Property Issues: IPR on green technologies hinders their access to developing countries.
- Ethical Dilemmas: Equity and Responsibility, Environmental Justice, Economic Justice etc.
- Other Issues: Limited domestic financial resources, May lead to high economic vulnerabilities etc.
Way ahead
- Unrestricted Technology Transfer
- Equitable Public Climate Finance from Developed Countries
- Strengthened International Cooperation and Trust in Climate Action
- Set up National Just Transition body to independently monitor Just transition
Initiatives Taken for Just Transition in India
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