India's G20 Presidency in 2023 will be the time of the global stocktake on climate change negotiations under the 2015 Paris Agreement and the upcoming COP28. It's an opportunity for the G20 troika of Indonesia, India and Brazil to move the needle on the key challenge of climate financing and turn the G-20 away from hegemonistic power control to being a global support mechanism.
On November 6, Egypt will host the COP27, the 27th Conference of the Parties of the UN Framework Convention on Climate Change. This infographic shows the two types of multilateral approaches and agreements under which countries solve the shared global challenge of climate change: Conventions or treaties and CoPs or Conference of Parties.
COP21 is a reality check for those who like to believe that geopolitical power is shifting from West to East. The just-concluded Paris Climate Summit was essentially about the early-to-develop Western powers continuing to exercise almost complete control over global governance structures, largely through the dominance of markets.
On 1 October 2015, India submitted its INDCs to the UN. The ambitious goals set by the Narendra Modi government have no doubt silenced its critics. However, to achieve these lofty goals, India needs a paradigm shift in the kinds of business and development models it encourages.