At an international conference, PM Modi highlighted that developed nations' per capita carbon emissions are six times higher than India's, and argued that developing countries shouldn't bear an unfair share of responsibility for global emissions. He also noted India's per capita emissions are less than half the global average, reinforcing the historical equity argument in climate negotiations. India has made notable progress in expanding renewable energy and was the only G20 nation to meet all its COP21 commitments ahead of schedule. Modi also cited initiatives like the International Solar Alliance and One Sun One World One Grid, which signal India's intent to lead on climate cooperation. This debate matters for carbon markets and climate finance because it affects how emissions reduction targets are assigned and funded. India's growth in solar capacity and non-fossil energy will continue to shape the global supply chain for clean technology and carbon credits.
