At the 2021 United Nations Climate Change Conference (COP26), being held in Glasgow, many commitments have been made for a sustainable future but transforming the promises to actions vests in the hands of the world’s most influential economies. Perceiving the global stage, the United States has always been a lead player, while peeping through the curtains stands emerging economies like that of China and India.
Climate Change is a reality recognized by all, but when it comes to taking the responsibility for the burden of the solutions, it turns into a blame game. As the United Nations Framework Convention on Climate Change report stated, most nations believe in the concept of “common but differentiated responsibilities,” but the question that arises is, how long can we hide under this blanket.
A politically significant yet economical solution would be a combined effort by a superpower and an emerging power, to clarify, the Indo-US collaboration. The reason behind this cooperation among states could be the effects it has on GDP. As per the Swiss Re Institute, climate change could wipe 18% of the GDP off the worldwide economy by 2050. India may have already lost 3% of its GDP on account of a 1-degree (Celsius) rise in global temperature.
The COP26 has witnessed many ambitious agendas, with Indian Prime Minister Narendra Modi announcing his five-point agenda — “Panchamrit” — the essence of which was to enhance the usability of renewable energy and lessen carbon emissions to achieve the target of net zero by 2070.
That announcement might sound too arduous for a developing country like India to reach on its own. When discussing the solutions for climate change, developing countries always show up with a compelling historical argument about how they are already producing greenhouse gas emissions that are lower than the average and cannot bear the burden of something they did not create.
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