Parameters of climate finance and technology transfer remain undefined: FM Nirmala Sitharaman
The Hindu
Developed countries have committed under the Paris Agreement to allocate $ 100 billion per year from 2020 onwards to facilitate emission cuts in poorer countries and also to effect technology transfer in this context.
Questions around how the $100 billion yearly commitment towards climate finance will be measured, and related technology transfer accounted for, remain unanswered, said at the conclusion of the Washington DC leg of her U.S. visit. The Minister, who is in Washington for the , bilateral dialogues with the U.S. and meetings with other countries, as well as the private sector, has repeatedly raised or discussed the issue of climate finance obligations in several meetings, as per statements and readouts.
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“… We actually don't know if there were any measures given to measure if money spent on a particular project by somebody will be part of that 100 billion, or what,” she said in response toa question from The Hindu on climate finance during a press conference on Friday evening.