India rejects climate finance decision at COP29, advocates for Global South

India has made headlines at COP29 by being the first country to reject a new climate finance decision, known as the New Collective Quantified Goal (NCQG). India argues that the decision does not prioritize the needs of developing countries, a stance that has gained support from other nations. The NCQG aims to secure at least $300 billion annually for climate action in developing countries by 2035, with developed nations expected to lead contributions. However, India and several other developing countries expressed disappointment, stating the agreement is inadequate and undermines trust in the negotiation process. While developed countries hailed the agreement as a significant step forward, critics, including civil society organizations, argue it fails to provide sufficient support for developing nations facing climate challenges. The controversy highlights ongoing tensions between developed and developing countries in climate negotiations.