A persistent deadlock

The recently concluded COP29 in Baku has yet again highlighted the persistent divide in global climate negotiations, especially regarding climate finance.

The proposed package of USD 300 billion annually by 2035 for the Global South, meant to replace the decade-old pledge of USD 100 billion, has drawn sharp criticism from developing nations.

India, in particular, has outrightly rejected the deal, calling it inadequate and out of touch with the immediate challenges posed by climate change.

This figure, far below the USD 1.3 trillion annual demand from the Global South, symbolizes a lack of commitment from developed nations to address their historical responsibilities.

India's representative, Chandni Raina, described the package as "too little and too distant".

Her critique extends beyond the numbers, targeting the timeline itself.

A target set for 2035 disregards the urgency of the climate crisis that is already devastating vulnerable communities.

India's call for at least USD 1.3 trillion annually by 2030 aligns with the scale of financial resources required to combat climate impacts effectively, and the proposed figure fails to meet this demand.

More troubling, however, was the manner in which the agreement was adopted.

India's request to make a statement before the decision was ignored, prompting accusations of a stage-managed process that undermined trust and inclusivity.

This incident reflects a broader frustration among developing nations over being sidelined in negotiations that deeply affect their future.

The principle of Common but Differentiated Responsibilities (CBDR), a cornerstone of international climate agreements, seems increasingly neglected.