India on Saturday sharply criticised developed countries for failing to meet their climate finance obligations, warning that developing nations cannot deliver on their climate goals without “predictable, transparent and reliable” financial support.
Speaking on behalf of the Like-Minded Developing Countries (LMDCs) at the third high-level ministerial dialogue on climate finance at COP30 in Brazil’s Belem, India said climate finance is a critical enabler of climate action in developing countries.
“Without financial resources from developed countries, developing countries cannot achieve the level of mitigation and adaptation necessary to meet the NDCs (Nationally Determined Contributions),” India’s negotiator Suman Chandra said.
NDCs are national climate plans under the Paris Agreement that set targets to cut emissions and adapt to climate change, guiding global efforts to limit warming to 1.5 degrees Celsius.
Countries are required to submit their third round of NDCs, referred to as​India on Saturday sharply criticised developed countries for failing to meet their climate finance obligations, warning that developing nations cannot deliver on their climate goals without “predictable, transparent and reliable” financial support.
Speaking on behalf of the Like-Minded Developing Countries (LMDCs) at the third high-level ministerial dialogue on climate finance at COP30 in Brazil’s Belem, India said climate finance is a critical enabler of climate action in developing countries.
“Without financial resources from developed countries, developing countries cannot achieve the level of mitigation and adaptation necessary to meet the NDCs (Nationally Determined Contributions),” India’s negotiator Suman Chandra said.
NDCs are national climate plans under the Paris Agreement that set targets to cut emissions and adapt to climate change, guiding global efforts to limit warming to 1.5 degrees Celsius.
Countries are required to submit their third round of NDCs, referred to as ​Latest News [ SOBAN NEWS: International and National ]
