new delhi india and other countries which are big emitters of greenhouse gases should reach the netzero carbon emissions target by 2050 together former deputy chairman of erstwhile planning commission montek singh ahluwalia said on fridayaddressing a virtual event organised by economic think tank icrier montek further said each country should put forward its reduction in carbon emission trajectory consistent with development objectivesindia and all other big emitters should reach netzero carbon emission by 2050 together he saidnetzero emissions mean that the world is not adding new emissions to the atmospherehe also said technological developments now make it possible for india to offer a netzero trajectory including peak emissions in the next decade and then reduce them to netzero over timeadopt approach which is trajectorybased and accept the fact that developed countries should reach netzero early while developing countries can reach netzero later montek saidalso speaking at the event ajay shah research professor of business jindal global business school said to finance climate actions we need a decentralised model where resource flows go to state and local governments rather than to just the central governmentmanjeev singh puri distinguished fellow and on the advisory board of teri said india will be taking some of the worlds largest climate actions in the years to comerecently india had underlined that the target of achieving netzero emissions by 2050 should be based on the principle of equity with developing countries peaking later given their respective sustainable development paths while developed countries should do a netminusrecently un secretarygeneral antonio guterres had stressed that emissions must fall by half by 2030 and reach netzero emissions no later than 2050 to reach the 15 celsius goal of the paris agreementwhile there is a discussion on the concept of netzero it is important to understand its implicationsa global netzero should be based on the principle of common but differentiated responsibility and of equity where developing countries will be peaking later given their respective sustainable development paths indias permanent representative to the un ambassador t s tirumurti had saidthe 26th conference of parties cop26 to the un framework convention on climate change unfccc will be held in glasgow from october 31 to november 12 under the presidency of the uk which is partnering with italy for the eventit is being billed as one of the biggest ever congregations of world leaders and experts in combating climate changethe paris agreement of 2015 requires each party to prepare communicate and maintain successive nationally determined contributions ndcs that it intends to achieve