istening to President Biden and his Indian counterpart Prime Minister Narendra Modi talk last week, it would be easy to think the two countries were leading partners tackling climate change. The pair touted their biggest climate domestic policies, and announced a slew of new collaborations to cut emissions.
For his part, Biden acknowledged that the U.S. had “caused damage” with its development over the last 300 years but cited theThe veiled tension may have been indiscernible to the untrained eye, but it is of critical importance. Working together on climate change serves both country’s interests, not to mention the global community’s.
That history comes up over and over again in climate diplomacy. The 1997 Kyoto Protocol gave developing countries an emissions dispensation for just that reason. In the negotiations that led to the Paris Agreement, the country demanded more finance from its developed counterparts. Today, as India’s emissions are poised to surge, its leaders consistently remind their counterparts that they haven’t contributed all that much to the problem and need industry to fuel their growth.
The key, he told me, is for the market to change. That would mean a global push for renewable energy pushing the cost of green technologies down, making them more economical. Greater availability of capital and lower costs to finance renewable energy projects in India would also help, as would favorable trade relations that could give India a market to export the green products it manufactures.
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