💨 Abstract

At COP29, BASIC countries, including India, have urged developed countries to honor their climate finance commitments and not dilute their obligations. The BASIC bloc rejected attempts by rich nations to shift financial responsibilities. Developing countries called for clear pathways to convert financial pledges into binding agreements. India and other countries stressed the need for a balanced New Collective Quantified Goal (NCQG) on climate finance.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖