financetom
World
financetom
/
World
/
IPCC report a wake-up call; UK & India working closely on climate agenda, says COP26 President Alok Sharma
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
IPCC report a wake-up call; UK & India working closely on climate agenda, says COP26 President Alok Sharma
Aug 18, 2021 9:26 AM

It is the most sobering and unequivocal assessment of the climate crisis that is threatening planet Earth. The inter-governmental panel, which is the top authority on climate science in the world, has ditched its usual cautious commentary.

The tone has shifted considerably and the panel has made some definitive statements: "human beings are causing climate change"--- "extreme weather events are becoming more frequent and severe".

Will these damning assessments move the needle ahead of the COP26 Summit scheduled at the end of this year in the UK? CNBC-TV18’s Parikshit Luthra spoke to Alok Sharma, the President of COP26.

Sharma said, “India is the first country that I have been to twice during this year and I hope that demonstrates the importance of India, in terms of delivering success at COP 26. I have had a very constructive set of discussions with ministers here and as you say, we have a 2030 road map. A climate is one of the key pillars of that and we know from the recent IPCC report, it is going to be vitally important that the world comes together and delivers on action when it comes to climate change. The UK and India have already been working very closely on the climate agenda.”

On PM Modi’s pitch for green hydrogen in his Independence Day speech, he said, “I was really encouraged by the visionary speech that the Prime Minister made on Independence Day and there was a lot of reference to climate to biodiversity and I think that is incredibly encouraging, particularly, the reference to renewables, the progress has already been made. But I think this great target of 450 Gigawatts by 2030, and again, green hydrogen, I think it was great to hear that in the plan. I have had discussions with Mr RK Singh and again, hydrogen is an area that we want to try and work together and collaborate on.”

On IPCC report and United Nations called a code red for humanity, he said, “I think the IPCC report is actually a wakeup call for all of us and for all countries. I would describe it as flashing red on the climate emergency dashboard. But of course, what the report also said is that the door is still open, on keeping global temperature limit rises to 1.5 degrees within reach. But we need to act now and that is why I say this is a decisive decade. I do think actually, Glasgow COP26 is our last best chance of keeping global temperature rises to 1.5 degrees within reach and that is why we need to collectively act and show action and commitment at COP 26.”

Talking about India’s stand on reducing emission, Sharma said, “We are continuing to cooperate very closely together and moving forward. As I said, I have been incredibly encouraged by the really constructive discussions that I have had on this visit and those discussions will continue. I think on the issue of not all countries doing more, we know that the G7, for instance, has stepped forward and said that they are going to have ambitious 2030 emission reduction targets.”

For full interview, watch accompanying video...

(Edited by : Bivekananda Biswas)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
GLOBAL MARKETS-Most Asian share indexes edge up, dollar struggles for direction
GLOBAL MARKETS-Most Asian share indexes edge up, dollar struggles for direction
Aug 5, 2025
* Japan, Australia outperform rest of Asia * European stock futures up 0.5%, S&P 500 futures rise 0.3% * Dollar drifts, oil rebounds after four sessions of decline (Updates prices for Asia afternoon) By Stella Qiu SYDNEY, Aug 6 (Reuters) - Most share indexes edged up in Asia on Wednesday as investors looked through weak U.S. data and corporate warnings...
PRECIOUS-Gold extends gains on rate cut hopes, markets eye Fed appointments
PRECIOUS-Gold extends gains on rate cut hopes, markets eye Fed appointments
Aug 5, 2025
Aug 6 (Reuters) - Gold prices extended gains for a fifth straight session on Wednesday, helped by prospects of lower U.S. interest rates, while investors looked forward to President Donald Trump's decision on Federal Reserve appointments. FUNDAMENTALS * Spot gold was up 0.1% at $3,383.67 per ounce as of 0036 GMT, after hitting a near two-week high on Tuesday. U.S....
Morning Bid: Tariff toll yet to deter stock bulls
Morning Bid: Tariff toll yet to deter stock bulls
Aug 5, 2025
A look at the day ahead in European and global markets from Stella Qiu From economic data to corporate earnings, the anticipated impact of President Donald Trump's tariffs is finally showing up for all to see, but stock investors don't seem too concerned. Data showed the U.S. service sector hit stalling speed in July as employment further weakened and input...
MORNING BID EUROPE-Tariff toll yet to deter stock bulls
MORNING BID EUROPE-Tariff toll yet to deter stock bulls
Aug 5, 2025
A look at the day ahead in European and global markets from Stella Qiu From economic data to corporate earnings, the anticipated impact of President Donald Trump's tariffs is finally showing up for all to see, but stock investors don't seem too concerned. Data showed the U.S. service sector hit stalling speed in July as employment further weakened and input...
Copyright 2023-2026 - www.financetom.com All Rights Reserved