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.

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Agencies
May 19,2020

Moscow, May 19: Russia confirmed 9,263 new coronavirus infections Tuesday, bringing the country’s official number of cases to 299,941.

On Sunday, the head of Russia's public health watchdog, Anna Popova, said the growth of new coronavirus cases in Russia is stabilizing.

Russia is the second most-affected country in terms of infections.

A record 115 people have died over the past 24 hours, bringing the total toll to 2,837 — a rate considerably lower than in many other countries hit hard by the pandemic.

Russia began easing nation-wide lockdown restrictions last week and announced the national football league would restart in late June.

Critics have cast doubt on Russia's low official mortality rate, accusing authorities of under-reporting in order to play down the scale of the crisis.

Russian health officials say one of the reasons the count is lower is that only deaths directly caused by the virus are being included.

Deputy Prime Minister Tatiana Golikova over the weekend denied manipulation of numbers, saying hospitals had a financial interest in identifying infections because they are allocated more money to treat coronavirus patients.

Authorities also say that since the virus came later to Russia, there was more time to prepare hospital beds and launch wide-scale testing to slow the spread.

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News Network
January 27,2020

Shanghai, Jan 27: The death toll from a coronavirus outbreak in China rose to 81 on Monday, as the government extended the Lunar New Year holiday and more big businesses shut down or told staff to work from home in an effort to curb the spread.

Chinese Premier Li Keqiang visited the central city of Wuhan, the epicenter of the outbreak, as the government sought to signal it was responding seriously to the crisis.

The total number of confirmed cases in China rose about 30% to 2,744, about half of them in Hubei province, whose capital is Wuhan.

As worries grew around the world, Chinese-ruled Hong Kong, which has had eight confirmed cases, banned entry to people who had visited Hubei in the past 14 days. The ban did not cover Hong Kong residents.

The number of deaths from the flu-like virus in Hubei climbed to 76 from 56, health officials said, with five deaths elsewhere in China, including the southern island province of Hainan, which reported its first fatality on Monday.

While a small number of cases have been confirmed in more than 10 countries, linked to people who traveled from Wuhan, no deaths have been reported elsewhere.

Li is the most senior leader to visit Wuhan since the outbreak began. Clad in a blue protective suit and mask, he inspected efforts to contain the epidemic and spoke to patients and medical staff, the government said.

The government is extending the week-long Lunar New Year holiday by three days to February 2, in a bid to slow the spread of the virus. The Lunar New Year is usually a time for millions of people to travel, but many have had to cancel their plans because of travel curbs over the virus.

Incubation

Wuhan is already in virtual lockdown and severe limits on movement are in place in several other Chinese cities.

The city of 11 million clamped down further on Monday, announcing the suspension of visa and passport services until January 30.

Despite the curbs, the mayor of Wuhan said on Sunday that five million people had left the city for holidays and other reasons.

Images from Wuhan showing hospital corridors packed with people seeking treatment have circulated on social media, along with complaints of soaring prices for essentials such as vegetables.

Chinese leaders have urged transparency in the crisis, after public trust was eroded by the cover-up of the spread of Severe Acute Respiratory Syndrome (SARS), a coronavirus that originated in China and killed nearly 800 people globally in 2002 and 2003.

Much is not known about the newly identified coronavirus, including how easily it spreads and just how dangerous it is. It can cause pneumonia, which has been deadly in some cases.

National Health Commission minister Ma Xiaowei said on Sunday the incubation period could range from one to 14 days, and the virus was infectious during incubation, unlike SARS.

That compares with a World Health Organization (WHO) estimate of two to 10 days for the incubation period.

“Understanding the time when infected patients may transmit the virus to others is critical for control efforts,” the WHO said.

The virus is believed to have originated late last year in a Wuhan market illegally selling wildlife. It has spread to other cities, including Beijing and Shanghai, as well as more than 10 countries including France, Japan and the United States.

‘Overwhelmed’

Australia confirmed its fifth case on Monday involving a woman on the last flight out of Wuhan to Sydney before China’s travel ban.

Health minister Greg Hunt told the Australian Broadcasting Corporation (ABC) authorities aimed to get about 100 Australian children and young people out of Wuhan.

One father of two, Nathan Wang, told the ABC his wife was stuck in Wuhan with the children. “We absolutely want the children to come back, because hospitals in Wuhan are overwhelmed,” he said.

Airports around the world have stepped up screening of passengers from China, although some health experts have questioned its effectiveness.

Last week the WHO stopped short of calling the outbreak a global health emergency, but some health experts question whether China can contain the epidemic.

WHO Director-General Tedros Adhanom Ghebreyesus is due to travel to Beijing to meet officials and health experts.

Australia, France, Italy, Japan and the United States have all said they are working to evacuate citizens from Wuhan.

Some of China’s biggest companies have been affected, with hotpot restaurant chain Haidilao International Holding shutting branches nationwide from Sunday until Friday.

Gaming giant Tencent Holdings Ltd advised staff to work from home until February 7, and e-commerce firm Alibaba removed vendors’ offers of overpriced face masks from its online Taobao marketplace as prices surged.

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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.

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