By Vibha Sharma – Tribune News Service
From the very beginning, there were doubts over Baku climate talks—COP29—achieving/delivering anything major or concrete on the climate finance required to deal with the global climate crisis.
Dubbed ‘finance COP,’ countries were supposed to agree on a New Collective Quantified Goal (NCGC), a commitment outlining how much developed nations will contribute to developing countries for climate action over the next decade.
In the end, as feared, the annual climate conference concluded with developing nations, including India, slamming the $300 billion climate finance deal as “inadequate and insufficient to address escalating impacts of climate change” across the world.
In its strong objection, India (which follows the CBDR principle) rejected the package as “paltry”.
The country also accused the COP29 presidency and the United Nations Framework Convention on Climate Change system of forcing through the deal without giving it opportunity to speak its mind.
