GLASGOW: After taking a good start by bringing over 90% of the global economy to be covered under the 'net zero' target, the 26th session of the UN climate conference (COP26) is all set to conclude on Saturday with accommodating India’s concerns where it objected to phase-out of coal and fossil fuel subsidies. The change from ‘phase-out’ to ‘phase-down was agreed upon during the last-minute change to build the consensus.
India forced the Presidency to change the para by including points even on national circumstances in the para on coal and fossil fuel even as
Switzerland and
EU objected to it and then reluctantly agreed.
Besides including a decision for the first time on accelerated ‘phasing down of unabated coal power and ‘phasing-out of “inefficient" fossil fuel subsidies in the final outcome, the Conference also agreed to further boost 2030 climate targets by next year and double adaptation finance by 2025.
During the final plenary, India’s environment minister
Bhupender Yadav suggested the new para (36) be included as “calls upon parties to escalate the development, deployment and dissemination of technologies, and adoption of policies, to transition towards low-emission energy systems, including by rapidly scaling up deployment of clean power generation energy efficiency measures, including escalating effort towards ‘phase-down unabated coal power and ‘phase-‘out inefficient fossil fuel subsidies while providing targeted support to the poorest and the most vulnerable in line with national circumstances and recognizing the need for support towards a just transition."
This para was earlier read as “calls upon countries "to accelerate the development, deployment and dissemination of technologies, and the adoption of policies, to transition towards low emission energy systems, including by rapidly scaling up the deployment of clean power generation and energy efficiency measures, including accelerating efforts towards the phase-out of unabated coal power and inefficient fossil fuel subsidies, recognizing the need for support towards a just transition."