57 lakh crore Rs will be spent by India in the next seven years on climate change adaptation.
India has told the United Nations Climate Change Framework that India has spent more than 5.5% of its GDP, i.e. about Rs 13 lakh 35 crores, on climate adaptation during the financial year 2021-22.
India has also informed that for this purpose, about Rs 57 lakh crore will be spent in the next seven years so that the situation of climate change can be prevented from becoming more adverse.
On December 9, it filed India’s latest submission which includes the first assessment of adaptation needs.
Climate-induced damage could increase this amount by another Rs 15.5 lakh crore.
Climate adaptation efforts are made to reduce the effects of climate change.
Its objective is to reduce greenhouse gas emissions.
Efforts being made for this include building walls in view of rising sea levels, developing crops that are unaffected by temperature, planning to control temperature, and creating infrastructure that can combat disasters.
Under the Global Climate Change Framework, every country makes an annual assessment of its green gas emissions and provides information to the United Nations.
These were called National Communications (NATCOMs) under the Kyoto Protocol mechanism of 1997.
On 9 December, India presented its third NATCOM which will fulfill its obligations under the Kyoto Protocol.
On 11 December 1997, the Kyoto Protocol was adopted in Kyoto, Japan, and entered into force on 16 February 2005.
The Kyoto Protocol implemented the UNFCCC’s objective to reduce the onset of global warming by reducing greenhouse gas concentrations in the atmosphere “to levels that would prevent dangerous anthropogenic interference with the climate system”.
