What are the key demands made by Finance Minister Nirmala Sitharaman at COP28
Finance Minister Nirmala Sitharaman demands action, not words at COP28
- Increased financial support: Finance Minister Nirmala Sitharaman emphasized the need for developed nations to fulfill their commitment of providing $100 billion per year to support climate finance in developing countries.
- Technology transfer: She called for a transfer of green technologies to developing nations to aid in their transition to sustainable practices.
- Capacity building: Sitharaman underscored the importance of capacity building initiatives, particularly for developing countries, to enhance their ability to tackle climate change effectively.
- Debt relief: The Finance Minister sought debt relief measures for developing nations burdened by the economic impact of climate change and sustainability efforts.
- Private sector involvement: Sitharaman urged increased participation from the private sector, including businesses and financial institutions, in funding climate solutions and green projects.
- Carbon pricing: She stressed the need for a robust and fair carbon pricing mechanism to drive the transition towards cleaner technologies and practices.
Answered
a year ago