New Delhi, Sept. 3 -- The global funding target set for COP30 is far behind schedule with only 4-5 per cent of the promised USD 1.3 trillion achieved so far, according to Vishwas Chitale, Fellow, Climate Resilience, Council on Energy, Environment and Water (CEEW).

In an exclusive interview to ANI, Chitale stressed that the target of USD 1.3 trillion is crucial for climate action, yet progress has been slow.

"Around 4-5 per cent of the target of 1.3 trillion dollar is achieved. We are really lagging behind the target. All the developing countries are supposed to contribute by 2030," he said, adding that if COP30 puts in more effort, the goal is still achievable.

He highlighted that the momentum of climate finance remains largely depende...