Team Blitz India
New Delhi: Union Finance Minister Nirmala Sitharaman called for concrete action on climate funding and transfer of technology at the upcoming global climate summit COP28, where policymakers and governments will converge to chalk future strategy for climate mitigation.
The Finance Minister made the comments during a virtual session at the inaugural event of India Global Forum Middle East and Africa 2023 (IGF ME&A) held in Dubai on November 27.
“India will certainly be pushing forward to showcase what it has achieved with its own funds. The Paris commitment given by us has been funded by us. We didn’t wait for the hundred billion that is never on the table. A lot of talk, but no money coming on the table. No pathways to show how technology is going to be transferred,” Sitharaman observed.
Climate finance typically refers to any financing that seeks to support mitigation and adaptation actions that will address climate change.