New Delhi, April 4 -- India has urged BRICS nations-Brazil, Russia, India, China, and South Africa-to mobilise USD 1.3 trillion in climate financing to strengthen global sustainability commitments.

Speaking at the 11th BRICS Environment Ministers' Meeting in Brazil, India emphasised the urgent need for equitable carbon budget utilization and a balanced energy transition that supports developing nations.

The meeting underscored the Baku to Belem Roadmap, which aims to secure the required climate finance to meet Nationally Determined Contributions (NDCs).

However, projections from the upcoming Baku COP29 indicate that only USD 300 billion will be mobilized by 2035, far below the USD 1.3 trillion target demanded by developing countries. ...