November 12, 2024
2 mins read

COP29: India pushes for fair climate financing 

India aims to steer discussions on climate finance transparency, pressing developed nations to address financing gaps and fulfill existing climate commitments, according to a delegation member…reports Asian Lite News

India’s stance at the 29th Conference of Parties (COP29) revolves around accountability, equitable financing, and incremental goals aligned with its developmental status, delegates confirmed as the climate summit commenced in Baku, Azerbaijan, from November 11-22. India’s priorities at COP29 are expected to include holding developed countries accountable for climate financing, advancing green credit, promoting the LiFe (Lifestyle for Environment) initiative, and emphasizing a fair energy transition that considers the needs of vulnerable communities. 

India aims to steer discussions on climate finance transparency, pressing developed nations to address financing gaps and fulfill existing climate commitments, according to a delegation member. This focus underscores India’s strategy of balancing its climate obligations with its developmental goals. In contrast to previous summits, India will not set up a pavilion at COP29—a decision reflecting its commitment to sustainable growth while prioritizing energy needs. 

At the COP29 opening session, UN Climate Change Executive Secretary Simon Stiell emphasized the importance of global coordination and accountability in addressing the climate crisis. Stiell urged leaders to recognize COP as a crucial platform for climate action, highlighting that without the UN’s framework, humanity could face up to five degrees of warming, a scenario that would have devastating consequences. His message underscored the urgency for nations to work collaboratively within the UN climate agreements to prevent a climate catastrophe. 

The Indian delegation is led by Minister of State for Environment, Forest, and Climate Change, Kirti Vardhan Singh, with Secretary Leena Nandan as Deputy Leader of Delegation. Key officials Naresh Pal Gangwar and Neelesh Sah will serve as Lead and Deputy Lead Negotiators, respectively. Environment Minister Bhupendra Yadav will not attend the conference, marking a shift in India’s representation but maintaining strong leadership continuity. 

India’s COP29 approach illustrates a proactive stance within a collaborative framework, where accountability from developed nations and practical pathways for emerging economies remain central to the agenda. This focus aligns with India’s commitment to fostering sustainable growth, addressing global climate obligations, and securing equitable resources for climate resilience. 

ALSO READ: WTO nations quiz India’s curbs on rice, wheat

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