"This year's climate negotiations follow last year's disappointing COP29 held in Azerbaijan, where countries missed the climate finance mark by a mile and agreed to raise $300 billion (259 billion) annually by 2035 instead of the appealed $1.3 trillion. Developing nations criticized countries with industrialized economies for dodging their responsibility by not pledging adequate climate financing. India said the pledged sum was "too little, too distant.""
"For India, like other vulnerable countries in the Global South facing a disproportionate brunt of the climate crisis, the stakes and hopes are high. As one of the world's fastest growing economies, it walks a tightrope, balancing its economic ambitions with the collective responsibility of tackling the climate challenge. In the past few years, India has made substantial progress in the field of renewable energy particularly solar and wind. It has the fourth largest renewable energy generation capacity in the world, according to the International Renewable Energy Agency (IRENA)."
"Standing on the shaky ground set by COP29, this year's summit aims to operationalize the climate finance targets and revise national climate plans called the Nationally Determined Contributions (NDCs). The host country, Brazil, has insisted this will be "the COP of implementation.""
Nearly 200 countries are meeting at COP30 in Belem, Brazil, where negotiators aim to operationalize climate finance targets and revise Nationally Determined Contributions (NDCs). COP29 in Azerbaijan fell short after nations agreed to raise $300 billion annually by 2035 instead of the $1.3 trillion sought, prompting criticism that industrialized countries avoided responsibility. India characterized the pledge as "too little, too distant" while balancing fast economic growth and an elevated Global South role. India has accelerated renewable deployment, notably solar and wind, ranking fourth in renewable generation capacity per IRENA, with strong projected renewables growth.
Read at www.dw.com
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