This has frustrated developing nations, which had hoped for a firm commitment to address their escalating needs for climate adaptation, mitigation, and loss and damage.
The NCQG, set to replace the $100 billion per year commitment under the Paris Agreement, is critical to scaling up financial support from developed to developing countries post-2025. Developing countries, which are disproportionately impacted by climate change, have repeatedly spoken on the need for bridging the growing finance gap. Their demands for trillions of dollars in annual support have been met with reluctance from developed nations.
Esta historia es de la edición November 22, 2024 de The New Indian Express.
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Esta historia es de la edición November 22, 2024 de The New Indian Express.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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