India Calls For More Climate Contributions Ahead Of Key Meet

India has put forth its expectations on the ideal "Baku To Belém Roadmap to 1.3T" ahead of the Bonn Climate Meeting, which begins on June 16, stating that without sufficient climate finance, even proposed nationally determined contributions will not materialize, leave alone any ambitious future NDCs.

- Jayashree Nandi

NEW DELHI:

In a succinct and strongly worded submission to the UN climate body, United Nations Framework Convention on Climate Change (UNFCCC) on May 27, India has said climate finance should flow from developed countries to developing countries and that public capital should be used strategically to crowd in private investments for climate action, pointing out that excessive borrowing poses risks to a country's fiscal stability. It added that the roadmap should support meaningful translation of developing country NDCs to concrete actions.