A day ahead of the crucial climate conference in Paris, Economic Affairs Secretary Shaktikanta Das on Sunday pitched for genuine climate change financing.<br/><br/>In a series of tweets, he said, there is a need for genuine provision of climate change finance from developed to developing countries and not clever accounting.<br/><br/>The Economic Affairs Secretary said clean technology is important and not unreasonable standards which create markets for developed countries and escalate growth costs for others.<br/><br/>He also said Organisation for Economic Co-operation and Development, OECD report on climate change finance provided by developed countries suffers from overstatement of numbers and double counting. <br/><br/>Commonwealth countries have pledged billions of dollars to fight global warming, including the highest two billion dollar assistance by Canada, to help developing countries limit green-house gas emissions.<br/><br/>India has been consistently maintaining that developed countries must ensure financing and technology transfer to developing countries to help them bringing down carbon emission.
News On AIR | November 29, 2015 2:33 PM
Economic Affairs Secretary pitches for genuine climate change financing