Why India abstained from renewable energy pledge signed by 118 countries at COP28
New Delhi: India, along with China, abstained from signing the Global Renewables and Energy Efficiency Pledge, to which 118 countries around the world, including the US and UK, committed themselves Saturday at the COP28 climate summit in Dubai.The pledge aimed to triple installed renewable energy capacity worldwide to at least 11,000 gigawatts (GW) by 2030. The initiative was led by the European Union, the UAE and the US. Brazil, Australia, and Canada were also among the 118 signatories to the pledge.
The draft text of the pledge, which has been accessed by ThePrint, calls for doubling the global average annual rate of energy efficiency improvements from around 2 percent to over 4 percent every year until 2030.
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It also reco...