India Slams Developed Nations for Climate Finance Gap in 2031-35 Plan

HT reported on March 26 that the Cabinet has approved enhanced climate targets for the 2031-2035 period under the Paris Agreement, raising its commitments on emissions, clean energy, and forests| India News

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India has flagged a 'mitigation ambition gap' by developed countries in its climate plan for the 2031-35 period submitted to the United Nations Framework Convention on Climate Change.

The country has committed to reducing emissions intensity of its GDP by 47% by 2035 and creating a carbon sink of 3.5 to 4.0 billion tonnes of CO2 equivalent through forest and tree cover by 2035.

However, India has highlighted the exacerbation of global warming due to an inadequate response by developed countries, stating that without sufficient funding, technology cooperation, and capacity-building, these conditional commitments cannot be fulfilled.

The country has called for global collaboration in R&D for clean and sustainable technologies and for facilitating their transfer to developing countries without imposing prohibitive IPR costs.

India's commitments are contingent upon the receipt of due support, including its due share of international climate finance, and may be modified to match the level of support made available.