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India welcomes ‘historic’ Paris climate accord

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Paris: Amid cheers, hugs and tears of joy, delegates from 196 countries at the climate change conference here adopted late on Saturday the first universal pact committing them to curb global warming to well below 2 degrees Celsius and outline a roadmap to raise $100 billion annually towards a green fund for developing nations.

India immediately welcomed the pact, saying it was balanced and addressed most of its concerns.

The Paris Agreement — as the 32-page accord is called and reached after two weeks of hectic talks, a day’s extension and some sleepless night for negotiators — was declared adopted after French Foreign Minister Laurent Fabius, also the chair of the conference struck the gavel.

“You’ve done it — reached an ambitious agreement, a binding agreement, a universal agreement. Never will I be able to express more gratitude to a conference. You can be proud that to stand before your children and grandchildren,” said French President Francois Hollande.

India’s Environment and Foreign Minister Prakash Javadekar felt the pact could have been more ambitious as the commitment from rich nations was “much below” what was expected of them, but felt the basic concept of common but differentiated responsibilities towards environment protecting was largely addressed.

“To achieve big things as there are languages and many issues, when 196 countries are putting their efforts together. One needs to be accommodative without changing the thrust of the agreement. We’ve done everything to maintain that thrust,” Javadekar said.

“Today is a historic day. What we have adopted today is not only an agreement but a new chapter of hope in the lives of seven billion people,” he said at the closing plenary, adding: “Today we reassure our future generation that we all will mitigate the challenge posed by climate change and give them a better future.”

Earlier in the day, President Hollande had called up Prime Minister Narendra Modi for his support.

Following the adoption of the Paris Agreement by the 21st Conference of Parties, under the aegis of the UN Framework Convention on Climate Change, it will be taken to the UN headquarters. Then on Earth Day, falling on April 22, 2016, it will be opened for the signatures of members for one year.

It will enter into force once 55 countries accounting for at least 55 percent of emissions ink it.

“For the first time, every country in the world has pledged to curb emissions, strengthen resilience and join in common cause to take common climate action. This is a resounding success for multilateralism,” said UN Secretary-General Ban Ki-Moon.

The universal agreement’s main aim is to keep a global temperature rise this century well below 2 degrees Celsius and to drive efforts to limit the temperature increase even further to 1.5 degrees Celsius above pre-industrial levels.

Then there is is a firm commitment for countries to engage in a process on mitigation opportunities and put added focus on adaptation opportunities, with rich members working towards a clear path to outline a road map on raising the climate finance for developing countries to $100 billion annually by 2020.

Immediately after the adoption of the Paris Agreement, the World Bank and the International Monetary Fund, two largest multilateral financing institutions threw their weight behind the accord and said they will help countries across the globe fight climate change.

Poor and emerging economies had been demanding that they get clean and green technology and funding from the rich nations to pursue their national interests without harming the environment further as they hold the industrialised world responsible for polluting the earth in the past.

Among the other decisions reached included a commitment that countries will submit updated climate plans — nationally determined contributions — every five years to steadily increase their long-term ambitions. India has already pledged to reduce the carbon intensity by 33-35 percent over 15 years.

India’s negotiating position, as a key member of a number of informal groupings on climate change, was evident at the conference was evident, as even US President Barack Obama called up Prime Minister Modi to ensure that Paris delivers a deal.

The country’s engagements were kicked off by Modi himself here, as global leaders this time converged at the beginning of the conference as opposed to attending the closing plenaries, as has been the practice in the past.

Apart from making a pitch for the principles of equity and common but differentiated responsibilities at the conference talks, the Indian prime minister also launched a grand alliance of some 120-odd nations to harness solar energy better, besides committing $30 million for a proposed secretariat.(ians)

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India PC Market Shrinks 8% in Q1, HP Sells Most

Dell Inc retained the second position with a 25.9 per cent market share with a YoY growth of 2.2 per cent

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HP India
HP unveils 65-inch gaming display with soundbar at CES 2019. Flickr

With a market share of 28.1 per cent in the first quarter of 2019, HP Inc maintained its leadership position in the Indian personal computing (PC) market, which shrunk for the third straight quarter, the International Data Corporation (IDC) said on Thursday.

The market witnessed a year-on-year (YoY) drop of 8.3 per cent with shipments reaching 2.15 million units in the first quarter of 2019, said the report.

Despite maintaining its leadership position in the market, HP Inc saw a 9.7 per cent YoY decline, mainly due to consumer segment that shrunk 21.3 per cent over the first quarter of last year.

Dell Inc retained the second position with a 25.9 per cent market share with a YoY growth of 2.2 per cent and a quarter-on-quarter (QoQ) growth of 26.7 per cent.

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HP. (IANS)

Lenovo remained at third position with a market share of 25.2 per cent in Q1 of 2019 in India traditional PC market, observing a 6.2 per cent YoY growth and a 29.2 per cent sequential growth.

The India PC market remained weak outside big commercial deals due to weak consumer demand, high inventory from previous quarters and supply issues for Intel chips, IDC said.

Also Read- Tech Giant Apple Pledges to Alert Users on iPhone Performance

The notebook category contributing 61.4 per cent of the India PC market shipments witnessed a 9.8 per cent YoY decline. Within notebooks, ultra-slim category, with a 25.3 per cent share of the market, grew 86.5 per cent.

“Spending towards ultra-slim notebooks is increasing due to factors like improved mobility due to thinness of the product and enhanced aesthetics,” Bharath Shenoy, Market Analyst, PCs, IDC India, said in a statement. (IANS)