How can the pre-2020 gaps and equity in Global Stocktake be addressed to tackle climate inaction by rich nations
India has called for a focus on pre-2020 gaps and equity in Global Stocktake to address rich nations' climate inaction. Explain how this can be achieved.
- Recognizing historical responsibility: Addressing the pre-2020 gaps and equity requires acknowledging the historical responsibility of developed nations that have contributed significantly to greenhouse gas emissions. This would involve accepting the need to close the emissions gap that exists between the pledges and actions of these nations.
- Setting more ambitious emission reduction targets: Rich nations need to commit to more ambitious emission reduction targets and take immediate action to achieve them. These targets should be based on scientific evidence and take into account the principle of common but differentiated responsibilities.
- Providing financial and technological support: Rich nations must fulfill their commitment to provide financial and technological support to developing countries for climate mitigation and adaptation efforts. This assistance should be sufficient, predictable, and without imposing undue burdens on developing nations.
- Enhancing capacity-building efforts: Investing in capacity-building activities in developing countries is crucial for effectively tackling climate change. This involves providing financial resources, technology transfer, and assistance in building institutional and human capacities.
- Strengthening transparency and accountability: Ensuring transparency and accountability in tracking progress towards emission reduction targets is vital. Rich nations should be held accountable for their commitments and be subject to regular monitoring and reporting processes.
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