<span style="color: #222222;">India has told the developed countries that access to Finance and Technology to developing countries is must to protect earth from apocalyptic changes.<br />''<br />''Union Minister of Environment, Forest and Climate Change, Bhupender Yadav said this, while speaking at a High-Level Ministerial Dialogue on Climate Finance in the ongoing COP27 summit at Sharm El Sheikh, Egypt.<br />''<br />''Raising concerns over the issue of climate finance, the Minister said that the commitment made by the developed countries to mobilize 100 billion dollars from diverse sources by 2020 was a meager amount and remains unachieved till now. He added that the current needs of developing countries are estimated to be in the order of trillions.<br />''<br />''The Minister said, there is no understanding of what really comprises climate finance.<br />''<br />''Saying that transparency and trust are the backbones of all multilateral discussions, Mr Yadav stated that having a clear definition of climate finance will promote transparency and trust, which is vital for furthering constructive deliberations.<br />''<br />''The Minister said, there is a need to further work in arriving at a meaningful definition of climate finance.</span><br />
News On AIR | November 15, 2022 7:58 AM
COP27: India says access to Finance, Technology for developing countries must to protect planet earth