India raises concerns over climate finance commitments at Baku conference
At the recent climate conference in Baku, a new climate finance goal of $300 billion by 2035 was adopted. This amount is significantly lower than what is needed to address the climate crisis, as previous commitments have not been met. India opposed the new agreement, fearing it may lead to developing countries, including itself and China, having to share the financial burden. The Baku agreement allows for pressure on these nations to contribute to global climate finance, despite their current economic status. India's position as a growing economy complicates its ability to argue against emission cuts and financial contributions. However, India has made strides in disaster response and could lead climate mitigation efforts in South Asia, potentially positioning itself as a global leader in climate action.