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With the rapidly falling cost of renewable energy technology, it no longer makes financial or environmental sense to invest in polluting sources.
The EU supports a call to phase down fossil fuel use as part of a COP27 deal – provided India doesn't weaken previous agreements on reducing the use of coal.
Bhupender Yadav said India responded to the call for increased ambition in the 2030 climate targets and updated its Nationally Determined Contributions in August.
Environment Minister Bhupender Yadav said that such a mechanism would ensure timely response to calamities.
But the resolution is ‘misplaced’ and may even deter sustainable development for countries such as India, experts said