India emphasizes that developed nations must enhance climate finance and leave carbon space for developing countries while maintaining multilateralism.

New Delhi: India made it clear that unilateral trade measures can restrict multilateralism and that finance will be the key issue for climate action in the developing world. It also emphatically said the developed world should leave the remaining carbon space in favour of developing countries, invest significantly more in negative emission technologies and fulfil their obligations under the UN Climate Convention.

On Tuesday, India made two interventions, one on behalf of the Like Minded Developing Countries and another on behalf of BASIC bloc which includes Brazil, South Africa, India and China.

“We, the LMDC, speak here for over half th

See Full Page