India: Set new finance goal on climate justice

WITH COP29 negotiations reaching a critical stage, India on Tuesday demanded clear answers from developed countries on the New Collective Quantified Goal (NCQG) for climate finance.

- S V Krishna Chaitanya

Delivering the national statement, Kirti Vardhan Singh, Minister of State in the Ministry of Environment, Forest, and Climate Change, said all NCQG decisions for climate finance must reflect the principles of climate justice and equity. He called for ambitious and unambiguous outcomes that address the evolving needs of developing countries, including adaptation, mitigation, and loss-and-damage funding.

Singh reminded developed nations of their responsibility under the Paris Agreement to provide sufficient financial resources to enable the Global South to meet its development goals while addressing climate challenges.