U.S. President Barack Obama and his Chinese counterpart,
Xi Jinping, representing the two top emitters of greenhouse gases in
the world, made a firm commitment at the Paris Climate Change conference
on Monday to work for change, and called for an agreement that would
cut carbon emissions and pave the way for a global transition to a green
economy.
Touching on an emerging issue in climate
policy, French President Francois Hollande called for a progressive tax
on carbon to reflect its true price, and send the message that there is a
cost to emitting greenhouse gases damaging the environment. At the
Leaders Event being held for the first time in such talks, Mr. Obama
wanted the Paris conference to send the right signal that it means
business on encouraging new clean technologies.
Hundreds
of billions of dollars were waiting to be deployed internationally to
foster green innovation, he said, calling for the right rules and
incentives to be put in place to unleash the creative potential of
scientists and technologists. A large number of new jobs and new
opportunities were waiting to be created.
Prime
Minister Narendra Modi, while inaugurating the India Pavilion at the
COP21 event, said India intended to make massive changes to its energy
profile by increasing the share of renewables, achieving 175 GW by 2022.
In
a reference to high expectations and difficulties in drafting
consensus, Mr. Obama said: “Cynicism is an enemy we will be fighting at
this conference.” He also asserted that the U.S. recognised its role as
the second highest emitter, and embraced its responsibility to do
something about it. America would make its contributions to the
developed countries’ fund, he would make a further pledge on Tuesday,
and meet the most affected group, the small island states, he said.
Source :- The Hinud, 01-Dec-2015
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