Context: Recently, the Secretary-General of the Climate Vulnerable Forum (CVF) called for Indian companies to invest in ‘climate-vulnerable’ countries.

India Keeps its Promise: Less Heat, More Green Power

• India is on track to meet Paris Agreement commitments to installing 500 GW of electricity from non-fossil fuel sources and reducing emissions by 45%.
• The 2015 agreement, to which India is a signatory, seeks to cap global average temperature rise below 2°C and “as far as possible” below 1.5°C. 

About Climate Vulnerable Forum:

• The Climate Vulnerable Forum is the international forum for countries highly vulnerable to climate change. 
• Genesis: It was founded in November 2009 by the Maldives at Male’, together with 10 other countries. 
• Composition: 58 members. 
  • There are 27 countries from Africa and West Asia; 11 from Latin America and the Caribbean and 20 from the Asia-Pacific.
  • They include Asian nations such as Maldives, Sri Lanka, Bhutan, Pakistan and Nepal. 
• The Forum is led by a rotating chair for an ordinary period of two years, with Ghana currently chairing for the period 2022-2024. 
• Significance: The Forum serves as a South-South cooperation platform for participating governments to act together to deal with global climate change.

Also Read: Loss And Damage Fund Approved At COP28 Summit

Source: The Hindu