(a) whether it is true that private finance is vital for India to attain climate goals according to an economic survey;
(b) if so, the details thereof and the reaction of the Government thereto;
(c) whether it is also true that the green technology could benefit from the renewed global focus on adopting and developing the same; and
(d) if so, the details thereof?
MINISTER OF STATE (INDEPENDENT CHARGE) FOR ENVIRONMENT, FOREST AND CLIMATE CHANGE
(SHRI PRAKASH JAVADEKAR)
(a)& (b) India’s climate goals are attainable as an ambitious agenda has been launched by the government to achieve them. It will require financial involvement of public as well as private sector. Apart from the programmes under the national missions and ministries, National Clean Environment Fund and Adaptation Fund, private sector has also been making substantial contributions in these efforts. Public private partnership in afforestation in general and urban forest in particular, conservation of water, energy efficiency measures and corporate social responsibility initiatives of the private sector contribute to achieving India’s climate goals.
(c) & (d) Yes, The Paris Agreement adopted at COP 21 of the United Nations Framework Convention on Climate Change (UNFCCC) sets a long term vision for technology development and transfer and has established a technology framework for promoting and facilitating enhanced action on technology development and transfer under the United Nations Framework Convention on Climate Change (UNFCCC)
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