Developed countries should talk less, cooperate more on climate finance, said Finance Minister Nirmala Sitharaman

Developed countries should talk less, cooperate more on climate finance, said Finance Minister Nirmala Sitharaman


Nirmala Sitharaman said that all countries have to do something to reduce the impact of climate change.

New Delhi:

Finance Minister Nirmala Sitharaman on Tuesday expressed regret that developed countries have not met their USD 100 billion commitment to developing countries to fight climate change and stressed that there is a need for more global cooperation and less dialogue. is of.

He said that India has fulfilled all its commitments in the COP21 climate change conference by using its own funds and the country is gradually moving towards the adoption of renewable energy.

The minister said five years have passed since developed countries committed to jointly mobilize USD 100 billion per year to meet the needs of developing countries.

“(USD) 100 billion is still going on. Five years or six years have passed. We haven’t seen anything like it, not just us, no other country has seen it. Island nations are sinking. Coastal areas It’s eroding. Unusual events of rain, which should happen over three or four months, tend to rain in a single day. These are not things that are isolated to any part of the world. It’s across the board,” he said.

While addressing the FICCI Leeds 2022 event, Ms Sitharaman said that all countries have to do something to mitigate the impact of climate change, but there is no transfer of technology or money from developed countries.

“But there will be no transfer of technology, no money will be taken to help the countries collectively. But still every one of us wants the ambition to be even higher, higher and higher. This is possible for many countries. Won’t happen.

“We are clearly showing progress towards renewables, we are moving to solar .. but this is the scale at which we are doing it because we commit ourselves and we believe in it. So a The thing that, if I may ask, we need (is) more global cooperation, maybe less,” she said.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Indian Lekhak

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