Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, June 22
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Finance»India Urges 15-Fold Increase In Adaptation Finance As COP30 Opens In Belém | India News
    Finance

    India Urges 15-Fold Increase In Adaptation Finance As COP30 Opens In Belém | India News

    November 11, 20254 Mins Read


    Last Updated:November 12, 2025, 09:44 IST

    India made the statement on behalf of BASIC and Like-Minded Developing Countries—key negotiating blocs at the climate conference that brings together world leaders & negotiators

    Representatives from over 195 countries, scientists, experts and civil society organisations have reached Belem, Brazil, for the two-week-long climate summit. (News18)

    Representatives from over 195 countries, scientists, experts and civil society organisations have reached Belem, Brazil, for the two-week-long climate summit. (News18)

    India flagged inadequate climate finance as the biggest hurdle for ambitious climate action, and urged a 15-fold increase in adaptation finance, as the year’s biggest annual climate conference—CoP30—opened in Belém, Brazil, on Monday.

    Delivering a statement on behalf of the BASIC (Brazil, South Africa, India and China) group and the Like-Minded Developing Countries (LMDC) grouping at the opening plenary, India called for a clear and universally agreed definition of climate finance. “There is a need to strengthen and scale-up public finance flows for adaptation, as well as the implementation of Article 9.1 of the Paris Agreement, which reaffirms the legal obligation of developed countries to provide finance to developing countries,” it stated on Tuesday.

    India emphasised that adaptation is an urgent priority for billions of vulnerable people in developing countries who have contributed the least to global warming but stand to suffer the most from its impacts. The statement also asserted the need to scale the adaptation financing to nearly 15 times the current flows, highlighting the significant gaps which remain in doubling international public finance for adaptation by 2025.

    EQUITY AND CLIMATE JUSTICE

    Acknowledging the high geopolitical tensions, India also reiterated its full and unwavering support for multilateralism and international co-operation on climate action. Speaking for BASIC AND LMDC blocs, it also recalled the historical and ongoing responsibility of developed nations, and stressed that developed countries must not only reach net-zero earlier to preserve equitable carbon space, but invest more in negative emissions technologies and most importantly fulfil their obligations on finance, technology transfer and capacity-building to developing countries.

    The statement also called for a strong outcome on the Global Goal on Adaptation (GGA), and supported taking forward the UAE–Belém Work Programme and the launch of the Baku Adaptation Roadmap to ensure that no one is left behind. It also emphasised that the UNFCCC Just Transitions Work Programme must ensure that climate transitions across economies are rooted in equity and justice.

    The statement laid major emphasis on the principles of Equity, common but differentiated responsibilities and respective capabilities (CBDR-RC), with both BASIC and LMDC reaffirming that the architecture of the Paris Agreement must not be altered, and that CBDR-RC must remain the cornerstone of the global climate regime. India also cautioned against unilateral climate-related trade measures which risk becoming instruments of protectionism, and undermine multilateral cooperation.

    COP30: 10 YEARS OF PARIS AGREEMENT

    Representatives from over 195 countries, scientists, experts and civil society organisations have reached Belem, Brazil, for the two-week-long climate summit to discuss the next course of climate action. The summit also marks 10 years of the 2015 Paris Agreement wherein countries had agreed to limit global warming to well below 2℃, while pursuing efforts to limit it to 1.5℃ above pre-industrial levels. The conference is taking place amid heightened geopolitical tensions and the withdrawal of the US from the Paris Agreement.

    Speaking at the opening ceremony, Simon Stiell, Executive Secretary of UN Climate Change, said the world is bending the curve of the planet-heating emissions downwards for the first time. “We have built the engine. Paris (Agreement) is working to take us forward. We must accelerate in the Amazon. Every fraction of a degree of heating avoided will save millions of lives and billions of dollars in climate damage,” he added, also announcing that the global emissions are projected to fall by 12 per cent in 2035 (compared to 2019 levels) based on new NDCs, including many received in recent weeks.

    Srishti Choudhary

    Srishti Choudhary

    Srishti Choudhary, Senior Assistant Editor at CNN-News18 specializes in science, environment, and climate change reporting. With over a decade of extensive field experience, she has brought incisive ground repo…Read More

    Srishti Choudhary, Senior Assistant Editor at CNN-News18 specializes in science, environment, and climate change reporting. With over a decade of extensive field experience, she has brought incisive ground repo… Read More

    First Published:

    November 12, 2025, 09:44 IST

    News india India Urges 15-Fold Increase In Adaptation Finance As COP30 Opens In Belém
    Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

    Read More



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleThe Commodities Feed: Refined products drive oil prices higher | articles
    Next Article Dow, S&P 500, Nasdaq futures rise as key shutdown vote looms in House

    Related Posts

    Finance

    Wired differently for Innovate Finance

    June 19, 2026
    Finance

    Ellinas Finance shareholders approve dividend

    June 19, 2026
    Finance

    Bajaj Finance upbeat on growth despite uncertainties; check why JPMorgan is bullish

    June 18, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Utilities

    Utilities firm hails demand flow as numbers rise

    September 24, 2025

    Li Ka-shing’s CK Infrastructure considers secondary listing in London

    July 11, 2024
    Bitcoin

    Top Analyst Unveils Level Where Bitcoin Finally Escapes ‘Endless Chop’ – Here’s His Forecast

    October 14, 2024
    What's Hot

    Stock Market LIVE Updates: GIFT Nifty indicates a positive start; US, Asian markets mixed

    September 14, 2025

    Mt. Gox Collapse: How 850,000 Bitcoin Vanished and Changed Crypto Forever

    May 3, 2026

    Indian stock market remains volatile amid mixed signals around US-Iran war. Is the worst over?

    May 27, 2026
    Most Popular

    Le prix du Bitcoin pourrait atteindre entre 125 000 $ et 150 000 $ d’ici 2025

    May 1, 2025

    Les débordements d’égouts “ne sont pas suffisants” Beardmore, PDG de United Utilities -Le 26 février 2025 à 13:32

    February 26, 2025

    Stock Market LIVE Updates: GIFT Nifty suggests a negative start; Lupin, Glenmark Pharma, Polycab India in focus

    September 24, 2025
    Editor's Picks

    Apple shares plunge after Berkshire cuts stake By Investing.com

    August 5, 2024

    The Stock Market Just Did Something It Hasn’t Done Since 1999. History Has a Clear Answer.

    April 26, 2026

    Could Shein’s IPO breathe new life into London’s stock market?

    April 28, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.