Rich Make a 'Poor' $250 bn Per Year By 2035 Offer
The Morning Standard|November 23, 2024
HE latest draft text on New Collective Quantified Goal (NCQG) published during COP29 climate talks on Friday, for the first time, included the quantum of climate finance that rich nations are willing to commit, which is $250 billion per year by 2035.
S V Krishna Chaitanya
Rich Make a 'Poor' $250 bn Per Year By 2035 Offer

When looking at the climate finance requirement and demand put forth by the Global South, including India, the number provided falls significantly short. India had demanded $1.3 trillion with $600 billion of core (public finance and grant-equivalent). But, the text is completely silent on the grant-equivalent component.

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