Day after it was taken off agenda, India raises contentious finance provision at COP30 meet

Stressing that lack of adequate climate finance continued to be the biggest stumbling block in enhancing global climate action, India Tuesday once again called for full implementation of a key finance provision in the Paris Agreement which has been ignored by the developed countries.

In two separate statements made on behalf of the BASIC countries (Brazil, South Africa, India, China) and Like-Minded Developing Countries (LMDCs) grouping at the COP30 climate meeting in Belem, Brazil, India emphasised the need for agreeing on a clear and universally acceptable definition of climate finance, and called for scaled-up financial flows for adaptation.

Importantly, it also demanded that Article 9.1 of the Paris Agreement, which states that developed countries “shall provide financial resources”