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India warns developed countries that climate-finance shortfall threatens NDCs
At COP30 in Brazil, India sharply criticised developed nations for failing to deliver predictable and additional climate finance, warning this shortfall undermines its own ability to meet Nationally Determined Contributions. According to government representatives, several donor countries reported year-on-year reductions in reported support of 51-75%.
India argued that blended finance cannot substitute the legally mandated commitments under Article 9.1 of the Paris Agreement and called for multi-year, transparent funding road-maps. The push signals a tougher negotiating stance by developing nations in global climate diplomacy.
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India warns developed countries that climate-finance shortfall threatens NDCs
At COP30 in Brazil, India sharply criticised developed nations for failing to deliver predictable and additional climate finance, warning this shortfall undermines its own ability to meet Nationally Determined Contributions. According to government representatives, several donor countries reported year-on-year reductions in reported support of 51-75%.
India argued that blended finance cannot substitute the legally mandated commitments under Article 9.1 of the Paris Agreement and called for multi-year, transparent funding road-maps. The push signals a tougher negotiating stance by developing nations in global climate diplomacy.
Explore:Mutual Fund Screening
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India tells developed nations at COP30 that missing climate finance jeopardises its NDCs and demands legal-pledge fulfilment.
At COP30 in Brazil, India sharply criticised developed nations for failing to deliver predictable and additional climate finance, warning this shortfall undermines its own ability to meet Nationally Determined Contributions. According to government representatives, several donor countries reported year-on-year reductions in reported support of 51-75%.
India argued that blended finance cannot substitute the legally mandated commitments under Article 9.1 of the Paris Agreement and called for multi-year, transparent funding road-maps. The push signals a tougher negotiating stance by developing nations in global climate diplomacy.
At COP30 in Brazil, India sharply criticised developed nations for failing to deliver predictable and additional climate finance, warning this shortfall undermines its own ability to meet Nationally Determined Contributions. According to government representatives, several donor countries reported year-on-year reductions in reported support of 51-75%.
India argued that blended finance cannot substitute the legally mandated commitments under Article 9.1 of the Paris Agreement and called for multi-year, transparent funding road-maps. The push signals a tougher negotiating stance by developing nations in global climate diplomacy.
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