EU seeks India's support for plastics treaty, draft summit statement says
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
THURSDAY, MAY 26, 2022
THURSDAY, MAY 26, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
EU seeks India's support for plastics treaty, draft summit statement says

World+Biz

Reuters
05 May, 2021, 06:10 pm
Last modified: 05 May, 2021, 06:13 pm

Related News

  • India exported wheat worth $473 million in April
  • EU to help Bangladesh combat human trafficking: Envoy  
  • India restricts sugar exports at 10 million tonnes
  • Worry as India to limit sugar export
  • Tata Steel says India export tax could alter output targets

EU seeks India's support for plastics treaty, draft summit statement says

"The EU invited India to consider endorsing the Leaders’ Pledge for Nature, and effective engagement with like-minded countries on negotiations on a Global Plastics Agreement"

Reuters
05 May, 2021, 06:10 pm
Last modified: 05 May, 2021, 06:13 pm
European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019/ Reuters
European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019/ Reuters

The European Union will ask India to join its push for a global treaty on plastic pollution, according to a draft statement prepared for a virtual summit on Saturday and seen by Reuters.

The draft statement, which must be signed off by EU ambassadors and needs New Delhi's final approval, said: "The EU invited India to consider endorsing the Leaders' Pledge for Nature, and effective engagement with like-minded countries on negotiations on a Global Plastics Agreement."

The EU, Rwanda and Peru are among those pushing for a legally binding international treaty to stem the flow of plastic pollution piling up in the world's oceans and natural habitats.

The aim is to win support ahead of a UN meeting in February 2022 which could launch negotiations on the agreement -- paving pave the way for a deal akin to the 2015 Paris Agreement, under which nearly 200 countries committed to avoid dangerous climate change.

At the virtual summit on Saturday, both sides are expected to pledge to increase cooperation to limit climate change, part of a wider bilateral agenda that the EU hopes will include closer trade ties and ways to counter China's rise.

The draft statement said the EU and India would hold regular meetings to increase collaboration in areas including renewable energy, energy storage technology, and modernising power grids.

India aims to have 450 gigawatts (GW) of renewable energy generation capacity by 2030, roughly five times the 93GW it has today.

India is the world's third-biggest carbon emitter after China and the United States, and is facing pressure to commit itself to net zero emissions by 2050 -- a pledge the EU and United States have both made, while China is aiming for 2060.

Government sources have told Reuters the country is concerned that binding itself to such a target could constrain the energy needs of its people.

The draft summit statement said the European Investment Bank and EU countries' development banks were increasing financial support to India for climate-related issues, for example in areas such as renewable energy and green transport.

Global Economy

EU / India

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: TBS
    BCL men attack Chhatra Dal procession near High Court
  • VAT on locally-made mobile phones, fridges on cards
    VAT on locally-made mobile phones, fridges on cards
  • U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/File Photo
    Dollar price decreases by Tk1 in kerb market

MOST VIEWED

  • People line up for nucleic acid tests during lockdown, amid the coronavirus disease (COVID-19) pandemic, in Shanghai, China, May 26, 2022. REUTERS/Aly Song
    Global firms warn of sluggish China demand due to lengthy Covid curbs
  • A stop road sign is seen next to skyscrapers at Moscow International business centre, also known as "Moskva-City", in Moscow, Russia April 14, 2022. REUTERS/Maxim Shemetov/Files
    Russia prepares to seize western firms looking to leave
  • Workers carry sacks of wheat for sifting at a grain mill on the outskirts of Ahmedabad, India, May 16, 2022. REUTERS/Amit Dave
    India exported wheat worth $473 million in April
  • People in protective suits cross a street during lockdown, amid the coronavirus disease (COVID-19) pandemic, in Shanghai, China, May 26, 2022. REUTERS/Aly Song
    Shanghai heading out of lockdown but China still lost in economic gloom
  • File Photo: People walking near the Al-Aqsa mosque reflect in a puddle next to a gate to the compound known to Jews as Temple Mount and to Muslims as The Noble Sanctuary, in Jerusalem's Old City December 27, 2019. Reuters/Ammar Awad
    Israeli court upholds ban on Jewish prayer at Al Aqsa compound
  • Sri Lanka's Prime Minister Ranil Wickremesinghe gestures as he speaks during an interview with Reuters at his office in Colombo, Sri Lanka, May 24, 2022. REUTERS/Adnan Abidi
    Sri Lanka's prime minister takes on crucial finance ministry portfolio

Related News

  • India exported wheat worth $473 million in April
  • EU to help Bangladesh combat human trafficking: Envoy  
  • India restricts sugar exports at 10 million tonnes
  • Worry as India to limit sugar export
  • Tata Steel says India export tax could alter output targets

Features

Illustration: TBS

Should Belayets be allowed to return to school at 55?

2h | Pursuit
Impact Hub Dhaka is designed to cater to connectivity, offering lots of communal areas where you can chat over coffee, watch a webinar as a group or even host events. Photo: Courtesy

Inside Impact Hub: The surprising benefits of working in a co-working space

3h | Pursuit
Pacific Jeans uses sustainable technology in washing and finishing, and now has the facility to wash with zero water. Photo: Courtesy

How big dreams and smart investment made Pacific Jeans a denim exporting giant 

4h | Panorama
Psycure has received various awards for their extraordinary contributions to promoting Sustainable Development Goals. Photo: Courtesy

Psycure: Meet the organisation serving the underserved university students (and beyond) with mental healthcare 

1d | Panorama

More Videos from TBS

Why is Thanda Garam's juice so popular?

Why is Thanda Garam's juice so popular?

2h | Videos
Tea tales at TSC

Tea tales at TSC

3h | Videos
What journalism students want to know

What journalism students want to know

4h | Videos
Where the people have more weapons than military

Where the people have more weapons than military

14h | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
Bangladesh at risk of losing ownership of Banglar Samriddhi
Bangladesh

Bangladesh at risk of losing ownership of Banglar Samriddhi

3
BSEC launches probe against Abul Khayer Hero and allies
Stocks

BSEC launches probe against Abul Khayer Hero and allies

4
Photo: Courtesy
Panorama

Misfit Technologies: A Singaporean startup rooted firmly in Bangladesh

5
Illustration: TBS
Banking

Let taka slide

6
Photo: Collected
Industry

Spanish recycled cotton producer opens new facility in Bangladesh

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab