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India launches Green Credit Initiative; proposes to host 2028 UN climate conference

India launches Green Credit Initiative; proposes to host 2028 UN climate conference

Dubai: Launching the Green Credit Initiative, which aims to create carbon sinks through public participation, Prime Minister Narendra Modi proposed hosting the UN climate conference in 2028, often known as COP33, in India on Friday.

In his remarks during the UN climate conference in Dubai, he stated that India had set a fantastic example for the rest of the world by balancing development with environmental conservation, PTI reported.

India is one among only a few countries in the world on track to achieve its Nationally Determined Contributions or national plans to limit global warming to 1.5 degrees Celsius, the guardrail to avoid worsening of climate change impacts.

Modi was the only leader to join the opening plenary along with COP28 President Sultan Al Jaber and UN Climate Change President Simon Steill.

The prime minister called for maintaining a balance between mitigation and adaptation and said that energy transition across the world must be "just and inclusive".

He called for rich countries to transfer technology to help developing nations combat climate change.

The prime minister has been championing the Lifestyle for Environment (LiFE movement), urging countries to adopt planet-friendly living practices and move away from deeply consumerist behaviours.

He cited a study by the International Energy Agency, saying this approach can reduce carbon emissions by 2 billion tonnes.

Modi said everyone's interest must be protected and everyone's participation is necessary in the fight against climate change.

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