Cop26: India, fossil fuel subsidies for the poor saved

ROME, NOV 18 – Cop26 was a success for India: subsidies to fossil fuels for the poorest were safeguarded, the principles of “just transition” and “common but differentiated responsibilities between countries” were recognized , and the Paris Rulebook and guidelines for global carbon markets have been defined. Indian negotiators present in Glasgow told the Hindustan Times newspaper. According to the negotiators, India at COP26 wanted to defend its subsidies to fossil fuels, intended to guarantee subsistence levels for the poorest population. For this reason, it managed to agree with the US, China and the EU that in the final document there was talk of a reduction (phase down) and not of elimination (phase out). For the Indians, in Glasgow “the principle of common but differentiated responsibilities between countries has been crystallized”. New Delhi included in the final document (the Glasgow Climate Pact) “support for the poorest and most vulnerable” and “the need for support for a just transition”. Indian negotiators attach great importance to the definition of the Paris Rulebook (the rules for applying the Paris Agreement) and the guidelines for global carbon markets (Article 6 of the Agreement). Indian negotiators say they were disappointed with COP26’s results with respect to climate finance (ie aid from rich countries to poor ones). The “deep regret” in the final document for the non-activation of the $ 100 billion-a-year aid fund was introduced at the request of New Delhi, officials say. (HANDLE).

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