India raises questions over $100 bn financing to developing countries : The Tribune India

Join Whatsapp Channel

Paris climate change meet

India raises questions over $100 bn financing to developing countries

NEW DELHI: India has raised questions on the roadmap for $100 billion in climate change financing a year by 2020, just before the Paris talks and sought genuine flow of funds from developed to developing countries.

India raises questions over $100 bn financing to developing countries

People hold a rally ahead of the climate change conference, in Adelaide, Australia. REUTERS



Tribune News Service

New Delhi, November 29

India has raised questions on the roadmap for $100 billion in climate change financing a year by 2020, just before the Paris talks and sought genuine flow of funds from developed to developing countries.

Economic Affairs Secretary Shaktikanta Das has called for more credible, accurate, and verifiable numbers on the true size of the mobilisation of climate change finance commitments and flows from developed to developing countries.

Das said India had also raised questions on the correctness of the recent Organisation for Economic Co-operation and Development (OECD) report, which claimed that significant progress had already been made and the Climate Change Finance Unit, Ministry of Finance and its experts have mentioned that the OECD report appears to have overstated progress.

Das said clean technology is important and not unreasonable standards, which create markets for developed countries and escalate growth costs for others. “Need credible, accurate & verifiable method of measuring true size of climate change finance flows from developed to developing countries... as per commitment and not clever accounting,” he said in a series of tweets.

The secretary said OECD report on climate change finance provided by developed countries suffers from overstatement of numbers and double counting. India has maintained that developed countries must ensure financing and technology transfer to developing countries to help them fight climate change.

Top News

Arvind Kejriwal to be produced before Delhi court today as 6-day ED custody ends

Excise policy case: Delhi court extends ED custody of Chief Minister Arvind Kejriwal till April 1

In his submissions, Kejriwal said, ‘I am named by 4 witnesse...

Delhi High Court dismisses PIL to remove Arvind Kejriwal from CM post after arrest

Delhi High Court dismisses PIL to remove Arvind Kejriwal from CM post after arrest

The bench refuses to comment on merits of the issue, saying ...

US makes another remark on Kejriwal's arrest, reacts to freezing of Congress bank accounts

US makes another remark on Arvind Kejriwal's arrest, reacts to freezing of Congress bank accounts

We encourage fair, transparent and timely legal processes, s...

Explainer: Why BJP is flying solo in Punjab and Odisha

Explainer: Why BJP is flying solo in Punjab and Odisha

A multi-cornered contest is always advantageous for BJP; it ...


Cities

View All