Developing countries need over $5 trn for climate goals: Bhupender Yadav

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Developing countries need over $5 trn for climate goals: Bhupender Yadav - Business Standard

Quick Summary:

Addressing the 19th Sustainability Summit organised by the Confederation of Indian Industry (CII), Yadav said that developed countries, which are historically responsible for most greenhouse gas emissions and appropriating a large share of the global carbon budget, had pledged USD 100 billion and technology transfer to help developing nations combat climate change.

Union Environment Minister Bhupender Yadav on Tuesday said developing countries need more than USD five trillion to meet their climate goals by 2030, and the USD 100 billion promised earlier by developed nations is "too small" an amount.

Now, developing countries need more than USD five trillion.