Indian investment in Pacific region could be on the rise

  • Chetan Chauhan, Hindustan Times, New Delhi
  • Updated: Aug 21, 2015 01:08 IST
President Pranab Mukherjee, Vice President Hamid Ansari and PM Narendra Modi met the leaders from Pacific island nations in New Delhi ahead of the Forum for India-Pacific Island Countries (FIPIC) Summit in Jaipur. (AFP photo/Manish Swarup)

In a bid to counter China’s increasing investment in the Pacific Islands, India plans to announce enhanced investment in the region at the second Forum for India-Pacific Islands Cooperation Summit (FIPIC) that started on Wednesday. It is India’s attempt to reach out to nations most vulnerable to climate change, thereby showcasing itself as a global leader in fighting global warming.

As per Intergovernmental Panel on Climate Change (IPCC) report, most of the islands in the region will submerge if the present rate of carbon emissions continues, leading to a rise in temperature by four degrees by the end of the century. The island nations have been seeking global help to adapt to climate change while urging nations to reduce emissions.

In the 196-member United Nations Convention on Climate Change, the island nations are the key players. In the past, they have been accused of backing European Union proposals on climate change. India through summit diplomacy wants to bring some of them on its side.

The external affairs ministry officials said that India will announce renewable energy investment in each of the island nation. Also, technological help to minimise impact of climate change will be provided.

Leaders of most of these nations, including Fiji, Niue, Vanuatu, Palau, Tuvalu, Micronesia, Nauru, Kiribati, Solomon Islands, Tonga, Cook Islands, Marshall Islands, Samoa and Papua New Guinea, are in India.

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