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During the COP27 summit in Egypt, India has rightly put the onus on rich countries to substantially enhance the quantum of climate finance to developing countries, while observing unsparingly that the commitment of $100 billion made over a decade ago by developed nations is ‘not only minuscule
Developing countries require substantive enhancement in climate finance from the floor of USD 100 billion per year to meet their ambitious goals and rich countries need to lead the mobilisation of resources, India has stressed at the ongoing UN climate summit COP27.
Developing countries require "substantive enhancement" in climate finance from the floor of USD 100 billion per year to meet their ambitious goals and rich countries need to lead the mobilisation of resources.