Global Institutions Should Encourage Countries Across World To Tackle Climate Change: PM
While addressing the World Bank event on how to tackle climate change, Prime Minister Narendra Modi on Saturday said that global institutions have an important role to play in encouraging countries across the world.
Referring to the World Bank Group’s proposed increase in climate finance from 26 per cent to 35, as a share of total financing, Modi in a video message said that the focus of this climate finance is usually on conventional aspects.
“Adequate financing methods need to be worked out for behavioural initiatives too. A show of support by the World Bank towards behavioural initiatives such as Mission LiFE will have a multiplier effect," he stated.
Modi informed that under Mission LIFE, the government’s efforts are spread across many domains such as making local bodies environment-friendly, saving water, saving energy, reducing waste and e-waste, adopting healthy lifestyles, adopting natural farming and promoting millets.
These efforts, he said, will save over 22 billion units of energy, save nine trillion litres of water, reduce waste by three hundred and 75 million tonne, recycle almost one million tons of e-waste and generate around USD 170 million of additional cost savings by 2030.
“Further, it will help us reduce the wastage of fifteen billion tons of food. Let me give you a comparison to know how big this is. The global primary crop production in 2020, according to FAO was about nine billion tonnes," he elaborated.
