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India's strong rejection of the climate finance deal at COP29 highlights its commitment to advocating for the Global South, demanding higher support from wealthy nations. The agreed $300 billion annual target by 2035 falls short of the $1 trillion sought by developing countries, reflecting ongoing frustrations over inadequate financial commitments for climate action. India's stance signals a broader call for richer nations to fulfill their responsibilities, as developing countries face increasing pressures to transition to low-carbon pathways without sufficient support.
Negotiations for a Just Energy Transition Partnership (JETP) in India have been discontinued, as the country prioritizes renewable energy over coal-focused initiatives. Despite increasing coal production by 12% in 2023-24, India aims for 500 GW of clean energy capacity by 2030. Concerns over social impacts and debt burdens have led to India's cautious stance on international partnerships.
Srestha Banerjee
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India rejects climate finance deal at COP29 demanding greater support for Global South
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16:35 25.11.2024
india halts negotiations on coal-focused energy transition partnership with donor countries
16:02 20.11.2024
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