COP29: India pitches for ‘no strings attached’ climate finance, new draft text fails to address key concerns

At COP29, India has urged developed nations to commit at least $1.3 trillion annually until 2030 in climate finance, emphasizing the need for grants and concessional funding without restrictive conditions. India linked this financial support to developing countries’ ability to enhance their climate action targets, highlighting the inadequacy of the previously pledged $100 billion.