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Meet climate finance obligations: Indian paper to global community

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New Delhi, Dec 4 (IANS) While the global community displayed an unprecedented speed in ratifying the Paris Agreement, the same is not visible in meeting the climate finance obligations, an Indian discussion paper released at COP24 in Poland said.

From failure to meet commitments by developed countries and deviations in definition of climate finance to issues related to reporting and tracking of climate finance were some of the issues highlighted by the paper drafted by the Finance Ministry.

The paper, which examines the scope, scale and speed required in climate finance, said: “The present scope, scale and speed of climate finance are not only insufficient but also not even being discussed properly.”

It added: “Though a quarter of a century has passed, climate finance discussions still lack a precise and adequate system of accounting modalities for financial resources.”

The discussion paper prepared by the Climate Change Finance Unit, Department of Economic Affairs, Ministry of Finance analysed the post-Paris Agreement developments, seriousness of discourse in the international climate finance arena, and the scope, scale and speed needed.

The paper, however, had a disclaimer saying it does not necessarily reflect the views of the Indian government.

On the scale of investment, the paper said the $100 billion quantitative commitment by developed countries at Copenhagen in 2009 “is a meagre amount in size in contrast to the actual needs assessed for developing countries in trillions of dollars”.

“We have to be much more serious in this business. Climate finance targets need to be set high in order for climate justice to be delivered for poorer countries and future generations.”

The paper finds serious concerns with the various numbers on climate finance reported by the developed countries. Definitions of climate change finance used in various reports were not consistent with the United Nations Framework Convention on Climate Change (UNFCCC) provisions, it said.

“Methodologies used were also questionable,” it added.

The highly critical paper said: “The global community displayed an unprecedented speed in ratifying the Paris Agreement. Meeting the climate finance obligations also deserves the same momentum.”

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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