India demands rich nations pay over $100 bln

NEWDELHI,SEPT30(REUTERS)- Rich nations need to commit much more than $100 billion to help poor countries fight climate change due to their high historical share of emissions, India’s chief economic adviser said on Thursday, ahead of a UN Climate Change Conference (COP26).

Wealthy nations are under ever-greater pressure to deliver on an unmet pledge, made in 2009, to send $100 billion a year to help finance an adequate response by developing countries to rising global temperatures as the world prepares for COP26.“THIS $100 billion that the advanced economies are talking about actually for innovation in climate finance, you know, it’s a drop in the ocean,” K.V. Subramanian told Reuters.

“I think their commitment needs to be much greater.” China has pledged to become carbon neutral by 2060.

People hold banners and signs as they take part in a “Fridays for Future”(reuters)