Developed nations failed to meet $100 bn support goal: Environment Minister Bhupender Yadav

Tribune News Service

New Delhi, November 1

Environment Minister Bhupender Yadav today said COP26 must aim for higher global ambition on climate finance and adaptation along with recognition of parties’ differing historical responsibilities and developmental challenges faced by developing countries, compounded by the Covid-19 pandemic.

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Asserting that developed countries have not only failed to meet the $100 billion goal per year of support to developing countries each and every year since 2009, Yadav said they continue to present the 2009 goal as the ceiling of their ambition all the way to 2025.

“In a context where developing countries, including BASIC countries, have massively stepped up their climate actions since 2009, it is unacceptable that there is still no matching ambition from developed countries on the enabling means of implementation on climate finance support,” he said, delivering a statement on behalf of the BASIC group of countries, comprising Brazil, South Africa, India and China, at the UN climate change conference underway at Glasgow.