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Refraining from fresh commitments to contain global temperature rise, Prime Minister Narendra Modi in his address at COP-28, offered to host the 33rd edition of the annual summit due in 2028 in India.
He said that developed countries ought to be “vacating the carbon space” before 2050, and made a pitch for countries to join India on its “Green Credit initiative” which was a “non-commercial” effort to create a carbon sink.
A proposal to host the Conference of the Parties (COP) must be approved by other signatories to the United Nations Framework Convention on Climate Change (UNFCCC).
India had previously hosted the summit in 2002.
UNFCCC is an international environmental treaty that was negotiated at the United Nations Conference on Environment and Development (UNCED), informally known as the Earth Summit.
It was held in Rio de Janeiro from 3 to 14 June 1992.
The objective of the treaty is to "stabilize greenhouse gas concentrations in the atmosphere.
It was adopted on 9 May 1992 and opened for signature on 4 June 1992 at the United Nations Conference on Environment and Development.
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