Climate finance isn’t charity, says Environment Minister Bhupender Yadav at COP26
The Hindu
Environment Minister Bhupender Yadav says addressing the shortcomings on finance was paramount to making the U.N. climate summit in Glasgow, Scotland, a success.
Union Environment, Forest and Climate Change Minister Bhupendra Yadav says rich countries have “an obligation, responsibility, duty and a vow” to provide climate finance to developing nations and should deliver on an unfulfilled promise to raise $100 billion a year.
In an interview on November 10 with The Associated Press, Mr. Yadav said addressing the shortcomings on finance was paramount to making the U.N. climate summit in Glasgow, Scotland, a success.
“I believe the biggest responsibility ... lies with the developed countries,” Mr. Yadav said. “Because if there is any gap that remains it is in the action for climate finance.” Mr. Yadav heads the Indian delegation at the two-week talks scheduled to end November 12. A draft deal under negotiation noted “with regret” that rich nations had failed to meet their promise to provide $100 billion each year in climate finance to poor nations as of 2020.