India rejects climate finance deal at COP29, citing Global South concerns

India has rejected a new climate finance agreement at COP29, claiming it does not meet the needs of developing countries. The proposed goal was to raise at least $300 billion annually for climate action by 2035, primarily from developed nations. India attempted to voice its concerns before the agreement was finalized but was not allowed to speak. The decision also included a plan to increase overall climate finance to $1.3 trillion through the "Baku to Belém Roadmap." This rejection marks a significant shift in India's stance, emphasizing its commitment to representing the Global South's interests in international climate discussions.