New Delhi, June 22: Reminding the developed world of their commitments to developing countries, External Affairs Minister Sushma Swaraj on Friday said developing countries need support to combat climate change. Speaking at a European Union (EU) High Level Event on Climate Change in Brussels, Sushma Swaraj said that the capacity of developing countries to translate their political commitments into tangible initiatives and projects gets constrained by lack of predictable, sustained and adequate finances and technologies.
Under the landmark Paris Climate Agreement, from 2020 onward, a minimum flow of $100 billion annually must be ensured from developed world to support the developing countries to meet their climate commitments or as planned by their Nationally Determined Contributions (NDCs) submitted to the United Nations Framework Convention on Climate Change (UNFCCC). India would require at least $2.5 trillion to meet its 2030 climate goals. Recently, the government had informed two of its projects had received $134.4 million from the Global Climate Fund (GCF). (IANS)