India has accused certain developed nations of misinterpreting the Paris Agreement’s Article 2.1(c) to limit fossil fuel growth in developing countries while investing in their own fossil fuels.
Submitting to the United Nations Framework Convention on Climate Change (UNFCCC) about the Global Stocktake—a biennial review of Paris Agreement progress culminating at COP28 in Dubai—India pointed out the skewed emphasis on Article 2.1(c). The article focuses on aligning financial flows with climate-friendly and resilient development objectives.
India contends that this undue focus on 2.1(c) by some developed countries is sidelining other crucial climate finance objectives. Such an approach compromises the commitment of developed nations to finance developing countries’ climate actions, essentially denying them fossil fuel support vital for their economies.
Despite this, these developed nations continue their hefty investments in fossil fuels. India emphasises that solely pursuing Article 2.1(c) could divert from key public finance responsibilities, a sentiment echoed by Indrajit Bose, Global Policy Lead at Climate Action Network-International.
Bose highlighted the importance of a holistic approach that covers both Articles 2.1(c) and 9.1—the latter mandates developed countries to financially back developing nations’ climate actions.
