Climate finance: What India aims to achieve at COP27  | India News,The Indian Express

At COP15 in Copenhagen in 2009, developed countries had committed to jointly mobilise USD 100 billion per year by 2020 to help developing countries tackle climate change, but they have miserably failed in doing so.

Union Environment Minister Bhupender Yadav will lead the Indian delegation at the conference which will run from November 6 to 8 at Sharm El-Sheikh, Egypt.

One hundred and ninety eight parties to UNFCCC gather once a year to discuss how to jointly address climate change.

US President Joe Biden, UK Prime Minister Rishi Sunak and more than 100 heads of states are expected to attend the conference. It is not yet clear if Prime Minister Narendra Modi will attend it.

According to the Union Environment Ministry, India looks forward to substantial progress on the discussions related to climate finance and clarity on its definition.

“As it is a saying that ‘what gets measured gets done’, more clarity is needed on the definition of climate finance for the developing countries to be able to accurately assess the extent of finance flows for climate action,” it said in a statement.

https://indianexpress.com/article/india/cop27-india-fund-8251823/

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