Jump to content
The Great Escape Online Community

[Slashdot] - India Holds Back on Climate Pledge Until Rich Nations Pay $1 Trillion


Recommended Posts

India has declined to update its official climate goal at the United Nations climate negotiations, holding out for rich countries to first offer $1 trillion in climate finance by the end of the decade. From a report: The resistance from India stands in contrast to its surprise announcement on Nov. 1, just as COP26 negotiations got underway, that it would set an ambitious new goal to reach net-zero emissions by 2070. Prime Minister Narendra Modi opened the talks in Glasgow, Scotland, with a decision to increase his nation's share of renewable electricity generation capacity alongside the long-term target to zero out carbon. At the same time, Modi demanded rich countries provide as much as $1 trillion in climate finance just for India -- far more than the $100 billion a year for all poor countries sought under previous deals. Until now, however, it wasn't clear whether India's demand came with a fixed timeline. Officials on Wednesday confirmed that India is seeking that sum by 2030 to fund the build out of renewables, energy storage, decarbonization of the industrial sector and defending infrastructure to a warming planet.

twitter_icon_large.png facebook_icon_large.png

Read more of this story at Slashdot.


View the full article

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Create New...

Important Information

By using The Great Escaped Online Community, you agree to our Privacy Policy and Terms of Use