News > COP27 | India insists on new global climate finance target by 2024
COP27 | India insists on new global climate finance target by 2024
The Hindu | 10/11/2022 10:33 PM | Click to read full article
Developing countries require substantive enhancement in climate finance from the floor of $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. India also seeks clarity on the definition of climate finance -- the absence of which allows developed countries to greenwash their finances and pass off loans as climate-related aid.
