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India rejected a new text on the New Collective Quantified Goal (NCQG) during a recent UN and COP29 meeting, arguing it did not align with the priorities of the Global South. The text set a goal of at least $300 billion per year by 2035 for climate action in developing countries, with developed nations contributing. India sought to speak before the decision was finalized, but was not given the floor, leading to the gaveling of the NCQG text. This decision also included launching the “Baku to Bel
14:20
India rejected a new text on the New Collective Quantified Goal (NCQG) during a recent UN and COP29 meeting, arguing it did not align with the priorities of the Global South. The text set a goal of at least $300 billion per year by 2035 for climate action in developing countries, with developed nations contributing. India sought to speak before the decision was finalized, but was not given the floor, leading to the gaveling of the NCQG text. This decision also included launching the “Baku to Bel
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FacebookThe Times of India
COP29: $10 trillion needed for India's climate transition; $300 billion global fund a 'drop in the ocean', says expert - CNBC TV18
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WATCH: India opposes COP29 finance deal after adoption Indian delegation representative Chandni Raina called out the COP29 presidency and the UNFCCC secretariat for not accommodating their request to make a statement prior to gaveling in the draft decision on the new climate finance goal. "We are extremely, extremely disappointed with this incident," Raina said early Sunday, November 24. Full story: https://www.rappler.com/world/global-affairs/cop29-new-climate-finance-deal/ | Rappler
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