"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.