India has rejected the $300 billion global climate finance deal adopted at the COP29 Summit in Baku, Azerbaijan, expressing disappointment over the lack of commitment from developed nations.
Nov 24, 2024
Indian representative Chandni Raina criticized the agreement, calling it insufficient to address the scale of challenges faced by developing countries. Supported by nations like Nigeria, Malawi, and Bolivia, India argued that the deal falls far short of the $1.3 trillion demanded by the Global South, undermining the principles of equity and shared responsibility. Developing nations remain frustrated by the reluctance of wealthier countries to meet their climate obligations.
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