Rapid Fire
29th Delhi CII Summit
- 18 Dec 2024
- 2 min read
Recently, India's Union Commerce Minister emphasised on the need for equitable responsibilities in sustainable development during the 29th CII Partnership Summit held in Delhi.
Key Highlights of Summit
- Environmental Equity: India advocated for "common but differentiated responsibilities" (CBDR) and "polluter pays" principle, holding developed nations accountable for historical environmental damage.
- Opposition to Unilateral Measures: It criticized the EU's Carbon Border Adjustment Mechanism (CBAM) and EU Deforestation Regulation (EUDR) for harming developing nations' exports.
- Climate Finance: India expressed dissatisfaction with the USD 300 billion climate-finance package at CoP29 at Baku, emphasizing the need for focus on adaptation and finance for the Global South.
- Partnerships & Technology: India emphasized strengthening ties with nations like Israel, Italy, and Qatar, advocating technology exchange in climate resilience and wastewater management while promoting trade, sustainability, and regional security.
CII Partnership Summit 2024:
- Organizer: Confederation of Indian Industry (CII) in collaboration with DPIIT, Ministry of Commerce and Industry.
- Theme (2024): “Partnerships for Progress”.
- Participation: Delegates from 61 countries, focusing on sustainability, trade, green technologies, and regional security.
Read More: Climate Finance
