|

India rejects $300 billion climate finance deal at COP29 as “unfair” and “stage-managed”

India has strongly opposed the adoption of a $300 billion annual climate finance package for the Global South by 2035 at the UN climate conference COP29 in Baku, Azerbaijan.  India argued the package is inadequate compared to the $1.3 trillion annually that the Global South has demanded to combat climate change impacts and transition to low-carbon economies.  Developed countries, historically the largest emitters of greenhouse gases, are expected to finance, provide technology, and support capacity-building…