IMF welcomes India’s announcement at COP26.
The International Monetary Fund (IMF) on Thursday welcomed India’s announcement on tackling the challenges of climate change at the recently concluded COP26 summit in Glasgow.
“We welcome India’s announcement at COP26 to increase its reliance on renewable energy and reduce the carbon intensity of its economy, including a net zero target by 2070,” Gerry Rice, director of the IMF’s communications department, told reporters in a news release. includes adoption.” the seminar.
“As you are aware, India is currently one of the world’s largest emitters, which is still heavily dependent on coal for power generation. And therefore, its actions are expected to catalyze action in other emerging market economies as well. may help,” he said.
“India’s significant investments in renewable energy and climate change adaptation policies show that it is well positioned to take further steps to reach this new goal,” Rice said in response to a question.
“Given the urgent need for global mitigation action, we are pleased with India’s focus on achieving progress in the current decade. And, along with other countries, it will be important to follow specific actions to control emissions in the current decade,” he said. ” .
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