Too little, too distant! India rejects USD 300 bn climate finance package for Global South

India on Sunday rejected the new climate finance package of a meagre USD 300 billion annually by 2035 for the Global South at the UN climate conference here, calling it “too little and too distant”.

The USD 300 billion figure is a far cry from the USD 1.3 trillion the Global South has been demanding over the past three years of talks to tackle climate change.

Making a statement on behalf of India, Chandni Raina, Adviser, Department of Economic Affairs, said they were not allowed to speak before the adoption of the deal, undermining their trust in the process-PTI.