On December 1, 2023, Prime Minister Narendra Modi offered to host the 33rd Conference of Parties (COP33) to the United Nations Framework Convention on Climate Change (UNFCCC) in India.
Nearly 200 world leaders gathered at the ongoing COP28 in Dubai, United Arab Emirates (UAE).
India has hosted the UNFCCC COP once previously. COP8 was held from October 23-November 1, 2002, in New Delhi.
COP33, to be held in 2028, will be a critical summit. That is when the next round of global stocktake (GST) review, after the ongoing COP, is scheduled as per the 2015 Paris Agreement.
Green Credits, G20
Modi also launched a 'Green Credit Initiative' focused on creating carbon sinks through people's participation.
The Green Credit Initiative has been conceptualized as a mechanism to incentivize voluntary pro-planet actions, as an effective response to the challenge of climate change. It envisions the issue of Green Credits for plantations on waste/degraded lands and river catchment areas, to rejuvenate and revive natural eco-systems.
Along with Swedish Prime Minister Ulf Kristersson, Modi launched LeadIT 2.0, an initiative aimed at co-developing and transferring low-carbon technology, which would also offer financial support for industry transition in developing nations.
