24 November,2024 11:52 AM IST | Azerbaijan | PTI
Pic/AFP
India on Sunday rejected a new climate finance package of USD 300 billion for the Global South at the UN climate conference here, saying it was too little and too late.
Nations agreed on the USD 300 billion climate finance deal for Global South at the UN climate talks taking place here in Azerbaijan.
Making a statement on behalf of India, Chandni Raina, Adviser, Department of Economic Affairs, said they were not allowed to speak before the adoption of the deal.
"USD 300 billion does not address the needs and priorities of developing countries. It is incompatible with the principle of CBDR (Common but Differentiated Responsibilities) and equity, regardless of the battle with the impact of climate change," she said.
ALSO READ
Two Indians competing for world chess title ‘no shock’ amid India’s rise: Svidler
3.8 magnitude tremor hits Dima Hasao in Assam
Old foes, new roles: Djokovic seeks Murray’s help for Australian Open glory
ISL: Mohun Bagan SG ease past Jamshedpur 3-0, claim top spot
ISL: 10-man NorthEast United FC hold on to take three points vs Punjab FC
"We are very unhappy, disappointed with the process, and object to the adoption of this agenda," the Indian negotiator said.
Supporting India, Nigeria said the USD 300 billion climate finance package was a "joke". Malawi and Bolivia also lent support to India.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
