India ratifies historic Paris climate deal at UN

October 2, 2016

United Nations, Oct 2: India, the world's third largest carbon emitter, today ratified the landmark Paris climate deal, giving a major boost to the deal which appeared tantalisingly close to enter into force by the end of this year.un

Permanent Representative to the UN Ambassador Syed Akbaruddin handed over the Instrument of Ratification signed by President Pranab Mukherjee, to Santiago Villalpando, the Head of the Treaties Division at the UN, at a special ceremony here attended by top UN officials and senior diplomats to commemorate Mahatma Gandhi's 147th birth anniversary.

UN Secretary-General Ban Ki-moon lauded India's "climate leadership", saying India's ratification of the Paris Climate Change agreement moves the world an "important step closer" toward achieving the goal of entering the landmark deal into force this year.

In his message for the International Day of Non-violence, marked every year on Gandhi's birth anniversary, Ban said there is no better way to commemorate Gandhi and his legacy for people and the planet than with India submitting its instrument of ratification of the Paris Agreement on Climate Change.

He called on all countries to complete their domestic processes for ratification and also strive in all activities to achieve progress through non-violence.

The UN chief said the commitment to sustainable living that Gandhi emphasised on is reflected in a "momentous way" as India is depositing its instrument of ratification to the Paris Agreement on Climate Change.

"India keeps its promise. On Gandhiji's birth anniversary, we deposit the instrument of ratification of Paris Agreement on climate change," External Affairs Ministry spokesperson Vikas Swarup tweeted.

With India stressing on the importance of climate justice, its goal will be that "climate justice ends are also served" once the treaty comes into force, Akbaruddin said.

The ratification by India, which has a population of over 1.2 billion, is expected to give momentum to the implementation of measures at the international level to control global warming by limiting greenhouse gases.

The ratification formalises pledges made by each country, including India, to take actions to curb or lower greenhouse gas emissions from 2020 onwards and try to keep the rise in average global temperature below 2 degrees Celsius and to strive for 1.5 degrees Celsius.

India, the world's third biggest carbon emitter after China and the US which are responsible for around 40 per cent of the global carbon emissions, accounts for 4.1 per cent of global emissions.

Last month, the US and China had formally joined the Paris agreement, which was adopted by 195 parties to the UN Framework Convention on Climate Change last December in Paris.

The pact will come into force after it has been ratified by at least 55 countries which account for 55 per cent of global greenhouse gas emissions. With India's move, a total of 62 countries accounting for almost 52 per cent of emissions have now ratified the accord.

Adopted in Paris by the 195 Parties to the UN Framework Convention on Climate Change (UNFCCC) at a conference known as COP21 last December, the Agreement was signed in New York on 22 April this year by 175 countries.

A total of 191 countries have signed the Paris Agreement so far.

However, India has decided to ratify the agreement "in the context" of its national laws, availability of means of implementation and "its own assessment" of global commitment to combating climate change.

"While agreeing to ratify the Paris agreement, the Cabinet has also decided that India should declare that it will treat its national laws, its development agenda, availability of means of implementation, its assessment of global commitment to combating climate change, and predictable and affordable access to cleaner source of energy as the context in which the agreement is being ratified," an official statement had earlier said.

The Union Cabinet had given its nod to ratifying the Paris climate deal on September 28, days after Modi announced this at BJP's National Council meet in Kozhikode. The move is expected to give momentum to the implementation of measures at the international level to control global warming.

China and the US jointly ratifying the Paris climate change deal has given hope that the landmark accord may come into effect by the end of this year.

Akbaruddin had on Friday said that India had played a "key role" in the negotiations and finalisation of the Paris agreement as Prime Minister Narendra Modi has a "personal commitment" to the climate deal.

He had said that India's effort was to be amongst those nations who give a push to the entry into force.

Ban in his message said: "I warmly congratulate India for its climate leadership, and for building on the strong momentum we see from all corners of the globe for the agreement to enter into force as quickly as possible this year. India's ratification of the agreement moves the world an important step closer toward achieving that goal."

Yesterday, Environment Minister Anil Madhav Dave told reporters in New Delhi that "this (decision) was taken after a lot of deliberations and with a view to give the world a messege... India is fast becoming a super power".

The UN Secretary-General's Special Adviser on the 2030 Agenda for Sustainable Development David Nabarro had last week said the landmark Paris Agreement on climate change is closer to entering into force, after India submits its ratification.

"We are tantalisingly close to the Paris Agreement entering into force," he added.

Nabarro had expressed confidence that the Agreement will enter into force at some point this year, highlighting that at least 14 other countries, representing at least 12 per cent of global emissions, have committed to ratifying the pact.

"There's a kind of race going on now, for countries to come in there and make sure that they are part of the ratification community – to show that they are part of wanting to get the Agreement into force," he said.

"We think we're going to have the speediest entry into force for any agreement that requires such a large number of ratifications. And that's why I've got a smile, because it's really good news," he added.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
March 14,2020

Nairobi, Mar 14: Kenya and Ethiopia on Friday announced their first confirmed cases of coronavirus, as East Africa, which has so far been unscathed by the global pandemic, scaled up emergency measures to contain its spread.

In Kenya, a 27-year-old Kenyan woman tested positive for the virus on Thursday in Nairobi, a week after returning from the United States via London.

She was in a stable condition and recovering, Health Minister Mutahi Kagwe told reporters.

"We wish to assure all Kenyans that the government will use all the resources available to fight coronavirus," he said, as the government rolled out a raft of new containment measures.

The government had traced all the contacts of the patient since she arrived back in Kenya on March 5, he said.

"At the moment, there is absolutely no need for panic and worry," he said.

Kenya, with a population of 50 million people, saw a spree of panic buying among the middle-class in Nairobi supermarkets, in the wake of the announcement.

Meanwhile Ethiopia, Africa's second most populous nation with over 100 million people, said a 48-year-old Japanese man who had arrived in the country on March 4 from Burkina Faso was confirmed to have contracted the virus.

"He is undergoing medical follow-up and is in a stable condition. Those who have been in contact with this person are being traced and quarantined," the health ministry said in a statement.

Burkina Faso only confirmed its first case on Tuesday -- a couple returning from France -- and the Japanese patient had been in that country since February 24.

Ethiopian Health Minister Lia Tadesse said three other patients were in isolation.

Ethiopia becomes the 15 country in Africa with a confirmed case of the virus that has swept the globe, infecting more than 130,000 people and killing nearly 5,000 since it first emerged in China.

But to date the continent has been spared the worst of the pandemic.

Only five people have succumbed to coronavirus so far -- all in north Africa -- with the sub-Saharan region recording no deaths and very low numbers of confirmed cases.

But countries in East Africa -- which until the positive case in Kenya, had only recorded negative test results -- have been taking precautions.

Some flights have been restricted, with Kenya Airways suspending its route to Rome, and charter flights from Italy to the Kenyan coast on hold.

It has also suspended international conferences, a top earner in Nairobi, a hub for such events in the region, and non-essential travel abroad for politicians.

The government announced more expansive restrictions on Friday, including a temporary ban on major public gatherings, prison visits and activities between schools.

Other countries in the region have been rolling out their own measures.

In Rwanda, which shares a border with the Democratic Republic of Congo, which has confirmed cases, washing basins with soap and sanitiser have been placed on streets for commuters to use before boarding buses.

Authorities in Kigali, the capital, have also banned concerts, rallies and trade fairs -- although like in Kenya and Uganda, church services have been proceeding and bars, restaurants and entertainment precincts remain open.

Neighbouring Burundi, meanwhile, has quarantined 34 people in a hotel in Bujumbura as a precaution.

Uganda has ordered that visitors from a number of affected countries self quarantine for 14 days, or consider simply not visiting at all.

South Sudan's health ministry said meanwhile that it was "temporarily suspending direct flights between South Sudan and all affected countries".

Kagwe, the Kenyan health minister, also addressed a rumour circulating on social media that people with black skin cannot contract the virus.

"I would like to disabuse that notion. The lady (confirmed with coronavirus in Kenya) is an African, like you and I," he said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 13,2020

Shanghai, Jun 13: Authorities in Beijing have temporarily shut a major wholesale agricultural market following a rise in locally transmitted novel coronavirus infections in China's capital city over the past two days.

The closure of the Xinfadi wholesale market at 3 a.m. local time on Saturday (1900 GMT on Friday), came after two men working at a meat research centre who had recently visited the market were reported on Friday as having been infected by the novel coronavirus. It was not immediately clear how the men had been infected.

Concern is growing of a second wave of the new virus, even in many countries that seemed to have curbed its spread. It was first reported at a seafood market in Wuhan, the capital of central China's Hubei province, in December.

Beijing authorities had earlier halted beef and mutton trading at the Xinfadi market, alongside closures at other wholesale markets around the city.

Reflecting concerns over the risk of further spread of the virus, major supermarkets in Beijing removed salmon from their shelves overnight after the virus causing COVID-19 was discovered on chopping boards used for imported salmon at the market, the state-owned Beijing Youth Daily reported.

Beijing authorities said more than 10,000 people at the market will take nucleic acid tests to detect coronavirus infections. The city government also said it had dropped plans to reopen schools on Monday for students in grades one through three because of the new cases.

Health authorities visited the home of a Reuters reporter in Beijing's Dongcheng district on Saturday to ask whether she had visited the Xinfadi market, which is 15 km (9 miles) away. They said the visit was part of patrols Dongcheng was conducting.

Listen to the latest songs, only on JioSaavn.com

China reported 11 new COVID-19 cases and seven asymptomatic cases for Friday, the national health authority said on Saturday. And all six locally transmitted cases were confirmed in Beijing.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.