India to seek clarity on climate finance at COP27

New Delhi, 5/11: India would seek clarity on the definition of “climate finance” and push for establishment of a mechanism to institutionalise “loss and damage assessment” at the upcoming UN climate summit that would kick start on Sunday at Sharm El-Sheikh in Egypt.



Union Environment Minister Bhupeder Yadav who leads the Indian delegation said more clarity was needed on the definition of climate finance for the developing countries to be able to accurately assess the extent of finance flows for climate action.


This remains a contentious issue at each of the Conference of Parties to the United Nations Framework Convention on Climate Change since the Copenhagen summit in 2009 (COP15) when the world leaders pledged a goal of providing $100 billion of climate finance per year by 2020 and every year thereafter through 2025.

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