New Delhi, Sept. 11 -- India today criticised the global climate finance target of USD 300 billion by 2035 proposed under the UN framework for climate change, calling it inadequate to meet the scale and urgency of the climate crisis.
Delivering the keynote address at FICCI's 4th LEADS Summit, union Minister for Environment, Forest and Climate Change, Bhupender Yadav asserted that the global South, including India, needs significantly larger support to meet its climate goals.
"Developed countries bear a moral responsibility to support the global South," the Minister said. "The USD 300 billion target is simply not aligned with the scale of transformation the world needs." He called for green finance to be seen not as a sectoral intervention...