Like-Minded Developing Countries

COP28, held in 2023, marked the first time that nearly 200 countries agreed on the need to transition away from fossil fuels in energy systems.

The LMDC bloc has highlighted the unfairness of historical emissions, with developed countries responsible for a disproportionate share despite their smaller populations. The group has also raised concerns over transparency in climate finance and mechanisms like the EU’s Carbon Border Adjustment Mechanism (CBAM), which they see as harmful to developing economies.

The LMDC group has emphasized that developed nations must set higher, clearer climate finance targets at the upcoming COP29, pointing out that developing countries lead in renewable energy projects and supply critical minerals for the green transition.

In order to achieve carbon neutralization, there is a need to develop non-market approaches (NMA) for renewable energies and promote carbon removal technologies. What the LMDC Group proposes is the establishment of a FNMA (Framework for Non-Market Approaches), which will include three basic components:

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A) NMA Registry and information hub

B) NMA Facilitative Mechanism

C) NMA Network for Coordination and Support

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In order to achieve these components, the Group continues to push for the creation of a Task Force which will undertake a work program to facilitate, coordinate and implement these non-market approaches at an international level.

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Apart from developing their nations carbon neutralization goals, China and India showcase the path to a greener and more sustainable dispute resolutions. In 2021, in India’s northeastern Himalayan state of Arunachal Pradesh, soldiers from both sides (who by the way are nuclear forces) were seen conducting a medieval-style brawl using sticks and stones. Talk about an eco-friendly way to conduct disputes between neighbours!