Key Points
India voiced strong concerns regarding developed nations' reluctance to engage meaningfully in discussions about supporting climate initiatives in developing countries at the COP29 conference in Baku while highlighting that addressing climate change requires substantial financial and technological assistance.. India, during the Mitigation Work Programme's closing plenary on Saturday, highlighted how developed nations, despite their historical responsibility for. greenhouse gas emissions. and greater resources, have consistently postponed climate action...
"We have seen no progress in matters critical for developing countries (during the last week)..
He said that without proper implementation support, including financial assistance, technology, and capacity-building, developing and low-income nations cannot effectively reduce greenhouse gas emissions or adapt to climate change impacts.. "How can we discuss climate action when it is being made impossible for us to act even as our challenges in dealing with the impacts of climate change are increasing?" the Indian negotiator said.. India pointed out that developed nations, despite having the greatest capability for climate action, had consistently altered targets, delayed implementation, and consumed an excessive portion of the global carbon budget...
Developed nations' 2009 commitment to provide $100 billion annually by 2020 for climate action in developing countries was not fulfilled until 2022...
Limited progress has been achieved in discussions, as developed nations advocate for transforming the climate finance package into a "global investment goal" encompassing all funding sources...
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