MoU will strengthen bilateral cooperation
India and Finland are further advancing partnership and exchange best practices in areas like prevention of Air and water pollution; Waste management; Promotion of circular economy, low-carbon solutions and sustainable management of natural resources including forests.
The two countries signed a Memorandum of Understanding on 26 Nov 2020 that would also cover matters relating to Climate change; Conservation of Marine and Coastal Resources among others.
The MoU will strengthen technological, scientific and management capabilities and develop bilateral cooperation in the field of environmental protection and biodiversity conservation on the basis of equality, reciprocity and mutual benefit with due respect to the promotion of sustainable development.
The MoU was signed virtually by Prakash Javadekar, Minister of Environment, Forest and Climate Change and Krista Mikkonen, Minister of the Environment and Climate Change (picture above).
“This MOU will definitely commit us to work together more closely towards on the fulfilment of commitments made under the Paris Agreement,” said Javadekar, adding that it also provides the possibility to have joint projects in areas of mutual interest.
Javadekar also informed that India has achieved its voluntary target of reducing emissions intensity of its GDP by 21% over 2005 levels, by 2020 and is poised to achieve 35% reduction well before the target year of 2030.
As part of its Nationally Determined Contributions submitted under the Paris Agreement, India has taken three quantitative climate change goals viz. reduction in the emissions intensity of Gross Domestic Product by 33% to 35% by 2030 from 2005 level.
It is also aiming to achieve about 40% cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030 and creating an additional carbon sink of 2.5 to 3 billion tonnes of carbon dioxide equivalent through additional forest and tree cover by 2030. #climate #environment #pollution #water #renewables #energy #OPEC /fiinews.com
