Finance Minister Nirmala Sitharaman on Friday called on advanced countries to fail to meet their financing commitments to help emerging economies deal with climate change, the recent Uttarakhand disaster needs to be addressed as an example of vulnerabilities .
He said that the government is committed to building infrastructure, which will not only revive the economy, but will also prove resilient to the risks of climate change. “We’re looking at innovative systems that can certify [that] Infrastructure flexibility has been established. A global standard of certification for Resilient Infra is also something that we are thinking about, ”Ms. Sitharaman said at the International Conference on Disaster Resilient Infrastructure.
Arguing that advanced economies had failed to meet their ‘quantitative commitment’ to provide $ 100 billion per year to help smaller countries, he pointed out that the amount itself was ‘meager’, starting with Had to do.
“During and after the epidemic, funding for the construction of flexible infrastructure is an important issue. Emerging economies, or even worse, in the small islands and countries of Africa, have serious challenges in fulfilling the commitments of the Paris Agreement. I appeal to advanced economies that their commitment to financing climate change and transferring key technologies to achieve climate-related goals has to be met, uplifted and enhanced, ”she said.
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