India Calls for Unrestricted Climate Finance and Technology Transfer at COP29

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India has strongly advocated for the unrestricted flow of climate finance and technology to developing countries at the COP29 climate summit in Baku, Azerbaijan. Speaking at the high-level segment, India’s Minister of State for Environment, Kirti Vardhan Singh, emphasized that increased climate action from developing nations hinges on the availability of enabling technologies and financial resources.

Singh criticized the “unilateral measures” taken by some developed countries, which he said create barriers to climate action in the Global South. This was an apparent reference to import duties imposed by the European Union on certain products, a move opposed by developing countries like India and China.

“The emergent situation we are in, there is no option but to break all barriers to flow of technology, finances and capacity to the Global South,” Singh asserted. He stressed that developing countries face significant costs in undertaking climate action and that developed nations must demonstrate leadership by providing adequate carbon space for developing countries to grow.

Singh’s statement underscores the need for equitable access to resources and technology to enable developing countries to effectively address climate change. He called for ambitious and unambiguous decisions at COP29 that consider the evolving needs and priorities of developing nations in their pursuit of sustainable development and poverty eradication.

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