MUMBAI, Oct 28 (Reuters Breakingviews) - There’s merit in India’s refusal read more to set a net-zero target in the run-up to the United Nations climate conference in Glasgow. The rich world is fixated on plans to become carbon neutral by 2050 or thereabouts. By holding out, Prime Minister Narendra Modi’s government can highlight different priorities. First, it maintains pressure read more on the biggest historical emitters to properly support the climate transition elsewhere. Poorer countries have not contributed as much to damaging the environment and are relying on dirty fuel to power the economic growth that will lift living standards. If all the big countries set their own net-zero goals, they may be less incentivised to financially help others.It also encourages the rest of the world to consider India’s climate position beyond coal. The country’s big leaps in renewable energy, particularly solar, and its cost-competitiveness mean it can be part of global climate solution, rather than just a problem to be fixed. (By Una Galani) On Twitter http://twitter.com/breakingviews Capital Calls - More concise insights on global finance: McDonald’s shows loyalty pays read more GM’s commitments take their toll read more Europe’s payments hopeful is a work in progress read more Post-pandemic consumer pain is insurers’ gain read more Heineken may be through its dry patch read more