https://sputniknews.in/20221228/india-mulls-intellectual-property-rights-waiver-on-green-technologies-at-g20-report-276011.html
India Mulls Intellectual Property Rights Waiver on Green Technologies at G20: Report
India Mulls Intellectual Property Rights Waiver on Green Technologies at G20: Report
Sputnik India
India could possibly push for a waiver of intellectual property rights (IPR) on technologies related to green energy under its ongoing presidency of the G20 grouping.
2022-12-28T12:15+0530
2022-12-28T12:15+0530
2022-12-28T13:32+0530
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India could possibly push for a waiver of intellectual property rights (IPR) on technologies related to green energy under its ongoing presidency of the G20 grouping, officials have told local media.Indian business publication Mint reported that an IPR waiver would help the low and middle-income nations to bridge the “technology gap” with rich countries in the realm of green technologies, further facilitating a smoother energy transition towards renewables and address the climate change commitments.Officials underscored that developing these technologies would gain “massive pace” if there is greater collaboration between emerging economies, like India, and rich nations. What's more, the advanced economies could help the low and middle-income nations bring down the cost of access to technologies such as carbon capture, utility and storage (CCUS).India Sets Focus on Climate ChangeAt the time of assuming the presidency of G20 this month, Indian Prime Minister Narendra Modi described tackling climate change as one of the priorities of New Delhi’s year-long presidency of the global intergovernmental grouping.Modi has also vowed to hold close consultations with the “fellow travellers” of the Global South in adopting a formal agenda for India’s G20 Presidency, arguing that the voices of low and middle-income nations often “go unheard” in the global policy debate.
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India Mulls Intellectual Property Rights Waiver on Green Technologies at G20: Report
12:15 28.12.2022 (Updated: 13:32 28.12.2022) The United Nation has warned that people living in low and middle-income nations are at the greatest risk of being affected by climate change-related events.
India could possibly push for a waiver of intellectual property rights (IPR) on technologies related to green energy under its ongoing presidency of the G20 grouping, officials have told local media.
Indian business publication Mint reported that an IPR waiver would help the low and middle-income nations to bridge the
“technology gap” with rich countries in the realm of green technologies, further facilitating a smoother energy transition towards renewables and address the climate change commitments.
“It will take years to achieve transition without technology sharing. We should collaborate and keep aside the limitations of patent rights, copyright rights and intellectual property rights (IPR), and work as a team,” Indian officials have said.
Officials underscored that developing these technologies would gain “massive pace” if there is greater collaboration between emerging economies, like India, and rich nations. What's more, the advanced economies could help the low and middle-income nations bring down the cost of access to technologies such as carbon capture, utility and storage (CCUS).
India Sets Focus on Climate Change
At the time of assuming the presidency of G20 this month, Indian Prime Minister Narendra Modi described
tackling climate change as one of the priorities of New Delhi’s year-long presidency of the global intergovernmental grouping.
Modi has also vowed to hold close consultations with the “fellow travellers” of the Global South in adopting a formal agenda for India’s G20 Presidency, arguing that the voices of low and middle-income nations often “go unheard” in the global policy debate.
“For healing our planet, we will encourage sustainable and environment-friendly lifestyles, based on India's tradition of trusteeship towards nature,” Modi said, outlining New Delhi’s vision while helming the grouping.
