"Developed countries were reminded of their commitment to jointly mobilise $ 100 billion per year from 2020 for developing countries and doubling their contribution for adaptation finance from 2019 levels by 2025; and we extended support for operationalising the fund for addressing Loss and Damage," Yadav said.
The pandemic, geopolitical tensions and climate change impacts have disproportionately impacted developing countries and in some cases even reversed their development gains in past few years, Yadav said adding, there are unprecedented challenges facing the Global South.
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