“The report reaffirms the role of unequal historical and ongoing contributions to GHG emissions. On the other hand, most of the developed countries have a target around or before 2050. While the UN chief didn’t name any country, the two biggest emerging economies are China (2060) and India (2070) that set a net-zero target beyond 2050 on the ground of historical inequalities and having a large aspiring population. “Our world needs climate action on all fronts - everything, everywhere, all at once.” “Humanity is on thin ice - and that ice is melting fast,” Guterres said. Releasing a capstone report by the Intergovernmental Panel on Climate Change, Guterres said leaders in emerging economies must commit to reaching net zero as close as possible to 2050. The fund flow also happens as loan and not as grants as desired by the developing world. ![]() India reacted by flagging the poor flow of finance from the developed world on adaptation (to the impacts of climate change) and mitigation, despite promises made by the rich nations at global fora. With devastating impacts of climate change hitting the vulnerable in near future as shown in a new IPCC report, UN Secretary-General Antonio Guterres on Monday asked wealthy nations to accelerate their carbon-neutrality goals to 2040 while advising emerging economies like India and China to commit for net-zero as close to 2050 as possible.
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