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Ecology & Environment
Mahesh

18/08/22 06:25 AM IST

Reinvent economic growth model

In News 
  • Climate equity ensures the just and fair distribution of the benefits of climate protection efforts among all poor and rich countries, and rural and urban populations.
Concerns 
  • Climate change is an existential threat. And Poor (already surviving on the margins) are severely impacted by extreme weather events.
  • Millions of people are still waiting to get the benefits of economic progress — which means access to affordable energy. And at a time when the world has literally run out of carbon space to accommodate their need for development.
  • The “old” industrialised countries and new entrant China have appropriated 73 per cent of the carbon space till 2019.
  • Erosion or dilution of climate equity in the negotiations: E.g., 2015 Paris Agreement got rid of the very concept of historical emissions and the idea of “compensation” for the loss and damage.
  • The Sum of the nationally determined contributions (NDC) is inadequate: Studies show that even if all NDC targets are fulfilled, it would take the world towards a minimum of a 3°C temperature rise or more.
Measures 
  • Carbon fiancé markets — Article 6 of the Paris Agreement — should be put to work: g., the provision of clean energy through millions of mini-grids in the world of the poorest.
  • Nature-based solutions must be firmly implemented- E.g., use the ecological wealth of poor countries and communities for mitigation as trees and natural ecosystems sequester CO2.
Source- Down To Earth 

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