Sharm el-Sheikh: Developing countries, including India, have flagged that they would need $6 trillion to $11 trillion till 2030 to meet their climate action targets, but their rich counterparts in the developed world have collectively not even brought $100 billion to the table so far despite making the promise to do so 13 years ago.
The issue was raised at a high-level ministerial dialogue on ‘new collective quantified goal’ (NCQG) at UN climate talks (COP27) where India intervened on behalf of the like-minded developing countries (LMDC) group on Wednesday evening.
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