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India calls for increased climate finance - Vimarsana News

India calls for increased climate finance

In a statement ahead of the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change — COP27 — event in Egypt, which began on November 6, India called on rich countries to live up to their promise of providing $100 billion in annual climate finance to developing nations and urged them to increase the amount for future years at next week’s UN climate conference. In 2009, developed countries most responsible for global warming pledged to give $100 billion per year by 2020 to help developing nations deal with its consequences.