But Global North is sidestepping their responsibilities and deflecting the core issue of historical pollution, participants said.
Monetary demands are in addition to technology transfers as part of a $5-6 trillion demand before Global North to pay their fair share for the damages caused to the climate of developing countries. India is among a few countries worst affected, an official said.
But instead of considering the requirements of Global South, led by India, whose devastation has more to do with how Global North near-exhausted the planet's carbon budget to get rich, many rich nations, led by the United States (US), are trying to categorise the demands as investment to meet their global commitments without making any provision from their public finances for climate funding, an official from Greenpeace International said.
Denne historien er fra November 13, 2024-utgaven av Business Standard.
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Denne historien er fra November 13, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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For a stronger share of global trade pie
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Bank Stocks Push Markets Up
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