India rejects $300B climate finance package for Global South

Quick Summary:

The $300 billion figure is a far cry from the $1.3 trillion the Global South has been demanding over the past three years of talks to tackle climate change.

"We are very unhappy and disappointed with the process, and we object to the adoption of this agenda," the Indian negotiator said, drawing loud cheers in the plenary room full of diplomats, civil society members and journalists.

It is incompatible with the principle of CBDR (Common but Differentiated Responsibilities) and equity, regardless of the battle with the impact of climate change, Raina said.

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Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: IndiaBoliviaMalawiNigerNigeria

Topics: Billion Finance Climate $300 Countries India Figure Change Trillion Package Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-24 @ 05:35:22 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 30 lines

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News ID: 23786288

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