Hamburg: Prime Minister Narendra Modi said on Friday that it was "mandatory" to implement the consensus of the Paris Agreement on climate change, weeks after US decided to pull out of the landmark deal. He also asserted that India will implement the accord in "letter and spirit".
Modi, while speaking at the meeting of BRICS leaders on the sidelines of the G20 Summit, said that on issues of climate change and terror, the role of BRICS (Brazil, Russia, India, China and South Africa) is "important". "It is mandatory to implement the consensus reached at the Paris Agreement. India will implement the agreement in letter and spirit," Modi said.
The comments come after President Donald Trump recently announced that the US will withdraw from the Paris climate accord, saying the deal agreed by more than 190 nations unfairly benefited countries like India and China. Trump's decision had drawn sharp criticism from international leaders, business groups and green activists. Trump is also in Hamburg to take part in the G20 Summit.
"We have to ensure that international financial organisations fully reflect the world's current economic balances," Modi said. Later, on twitter, the Prime Minister said, "On issues like climate change and terror, the role of BRICS is important". The objective of the Paris Agreement is to prevent an increase in global average temperature and keep it well below 2C.
The Agreement was adopted on 12 December, 2015, by 195 parties to the United Nations Framework Convention on Climate Change (UNFCCC), replacing its predecessor Kyoto Protocol. It was finally ratified on 4 November, 2016. Modi also said, "It will be our common endeavour to establish the BRICS rating agency at the earliest."
Updated Date: Jul 07, 2017 18:33 PM