In the run-up to the UN climate summit CoP30, Union Environment Minister Bhupender Yadav, who is leading India’s intervention at the Pre-CoP30 Ministerial Roundtable in Brazil, on Monday raised the issue to scale up climate finance to developing countries so that they can adapt to renewable energy sources to contain the impact of climate change.

According to an official statement, Yadav highlighted that there is a need to strengthen and intensify the flow of public finance towards adaptation, that may perhaps also promote the flow of finance from other sources as well.

Held in 2024, CoP29 led to the adoption of a New Collective Quantified Goal (NCQG) text, which decided to set a goal of at least 300 billion dollars per year by 2035 for developing country parties for climate action, with

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