https://sputniknews.in/20250708/climate-financing-responsibility-of-developed-countries-pm-modis-swipe-at-west-9415554.html
'Climate Financing Responsibility of Developed Countries': PM Modi's Swipe at West
'Climate Financing Responsibility of Developed Countries': PM Modi's Swipe at West
Sputnik India
In what was an apparent jibe at the West, Indian Prime Minister Narendra Modi underlined that "climate action" will remain on paper if affordable financing and... 08.07.2025, Sputnik India
2025-07-08T15:18+0530
2025-07-08T15:18+0530
2025-07-08T15:18+0530
brics
india
narendra modi
2025 brics summit
brazil
climate change
green energy
greenhouse effect
greenhouse gas (ghg) emissions
global south
https://cdn1.img.sputniknews.in/img/07e9/02/0e/8774418_0:0:3068:1725_1920x0_80_0_0_3dd95f0bac83984d2e2a1c7afab1818f.jpg
"Bridging the gap between climate ambition and climate financing is a special and significant responsibility of developed countries. We take along all nations, especially those facing food, fuel, fertilizer, and financial crises due to various global challenges," he added.The Indian leader called out the "double standards" of developed countries, highlighting that inclusive development on the planet cannot be accomplished if rich states have a different set of rules for nations that have long borne the brunt of their apathy, including colonialism and imperialism.Notably, developed countries have committed $300 billion in annual funds by 2035 to help developing nations in tackling challenges associated with climate change.However, skeptics have raised concerns about their commitment to achieving this target, as rich nations previously missed their deadline for raising $100 billion to support developing countries in addressing climate change.
https://sputniknews.in/20250707/russia-views-indias-plans-for-brics-presidency-as-promising-fm-lavrov-9413164.html
india
brazil
global south
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2025
Pawan Atri
https://cdn1.img.sputniknews.in/img/07e6/0c/13/139630_147:0:831:684_100x100_80_0_0_8fa2b25903e7787fe6a2698552c167df.png
Pawan Atri
https://cdn1.img.sputniknews.in/img/07e6/0c/13/139630_147:0:831:684_100x100_80_0_0_8fa2b25903e7787fe6a2698552c167df.png
News
en_IN
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Pawan Atri
https://cdn1.img.sputniknews.in/img/07e6/0c/13/139630_147:0:831:684_100x100_80_0_0_8fa2b25903e7787fe6a2698552c167df.png
brics, india, narendra modi, 2025 brics summit, brazil, climate change, green energy, greenhouse effect, greenhouse gas (ghg) emissions, global south
brics, india, narendra modi, 2025 brics summit, brazil, climate change, green energy, greenhouse effect, greenhouse gas (ghg) emissions, global south
'Climate Financing Responsibility of Developed Countries': PM Modi's Swipe at West
In what was an apparent jibe at the West, Indian Prime Minister Narendra Modi underlined that "climate action" will remain on paper if affordable financing and technology needed to make a swift transition from fossil fuels to green energy aren't provided to developing countries.
"For India, climate justice is not just a choice, it is a moral obligation. India firmly believes that without technology transfer and affordable financing for countries in need, climate action will remain confined to climate talk," Modi said during his address at the BRICS session on Environment, COP-30, and Global Health in Rio de Janeiro.
"Bridging the gap between climate ambition and climate financing is a special and significant responsibility of developed countries. We take along all nations, especially those facing food, fuel, fertilizer, and financial crises due to various global challenges," he added.
The Indian leader called out the "
double standards" of developed countries, highlighting that inclusive development on the planet cannot be accomplished if rich states have a different set of rules for nations that have long borne the brunt of their apathy, including colonialism and imperialism.
"These countries should have the same confidence that developed countries have in shaping their future. Sustainable and inclusive development of humanity cannot be achieved as long as double standards persist," Modi underscored.
Notably, developed countries have committed $300 billion
in annual funds by 2035 to help developing nations in tackling challenges associated with climate change.
However, skeptics have raised concerns about their commitment to achieving this target, as rich nations previously missed their deadline for raising $100 billion to support developing countries in addressing climate change.
