India loudly told America and China that it does not need begging for Rs. 25 lakh crores. Rs. 1096 lakh crores are needed for climate change.

New Delhi: Azerbaijan is a country at the crossroads of Europe and Asia. Recently, a meeting was held in Baku, the capital of this country rich in petroleum and tourism to keep the earth green. In this meeting named COP-29, concern was expressed over the challenges of dealing with the threat of climate change. It was said to promote the use of green technology to reduce the gases that heat the earth’s temperature. It was fine till now, but as soon as climate finance was talked about to overcome these challenges, the developing countries got angry about it. India was at the forefront in this. Let us understand the whole matter step by step.

Why did developing countries including India become so angry?

Regarding climate finance, in the conference, rich countries including America and China promised to give only 300 billion dollars by 2035 to deal with the challenges of climate change. Actually, this amount is so small that it is not going to do anything. Developing countries say that the need is 1.3 trillion dollars. Such a small amount of money from rich countries is like cumin in the camel’s mouth. Developing countries got angry on this very thing.

India becomes the vocal voice of Global South countries

India rejected this modest package of rich countries in COP-29. India’s representative Chandni Raina said that we are very disappointed by this. This shows that developed countries do not want to fulfill their responsibilities. he/she said in a harsh tone that this proposal of rich countries is just a deception. India has emerged as the voice of the Global South in this matter.

India also got support from other countries

India first rejected this package of rich countries. On this issue, India got the support of countries like Nigeria, Bolivia, Malawi and Sierra Leone. While Nigeria called it a joke, Sierra Leone called it a lack of intention.

An average person in India emits 2.9 tonnes of carbon.

On an average, a person in India emits 2.9 tonnes of carbon dioxide equivalent (tCO2e), which is much lower than the global average (6.6 tCO2e). India’s official data shows that the country has set a target of achieving net zero emissions by 2070 and 500 GW of renewable energy capacity by 2030.

What did India say in the 2015 Paris conference

In 2015, more than 200 countries of the world, including India, had signed the Paris Agreement on climate change and committed to not allowing the world’s temperature to rise more than 1.5 degrees. Under this commitment, greenhouse gas emissions were to be reduced. Under this, every country has to decide its National Determined Contribution (NDC) and present it before the United Nations. Under this, it has to be told how much carbon emissions a country will allow and how much it will reduce and how.

America and China are increasing the earth’s heat, avoiding responsibility

America, China and some countries of Europe are at the forefront in increasing the earth’s temperature. But these countries are running away from the responsibilities of overcoming the challenges of global warming. It is often said in COP conferences that these countries should compensate for the damage caused to the earth. The US and the EU directly rejected it, saying that an amount of more than $300 billion could not be approved in view of the economic problems.

India ranks 10th in tackling climate change

India ranks tenth in the list of more than 60 countries making every effort to combat climate change. However, India has slipped two places this year compared to last year. This report has been released at the annual United Nations Climate Conference COP-29 in Baku. The first three positions in the Climate Change Performance Index (CCPI 2025) report are vacant.

China and America are far behind in terms of green energy

Denmark topped the list with fourth place, followed by the Netherlands and the United Kingdom at fifth and sixth positions respectively. Compared to last year, UK’s performance this time was the best. The world’s largest emitter, China, was ranked 55th, while the second-largest emitter, the US, was ranked 57th. The world’s largest oil producing countries remained at the bottom of the report. Russia (64th), United Arab Emirates (65th), Saudi Arabia (66th) and Iran (67th) remained at the bottom.

It took 11 years to convince him/her to give 100 dollars

In 2009, developed countries like America, European Union, Japan, Britain, Canada, Switzerland, Norway, Iceland, New Zealand and Australia agreed to give $ 100 billion annually from 2020 to 2025. But for the first time it could start only in 2022. At the COP29 meeting, it was expected that the nearly 200 countries attending the conference would agree on a new financial target for the years beyond 2025. But, this could not happen.

What suggestion did India give to the United Nations?

A 2023 report by the United Nations estimates that developing countries need to invest $2.4 trillion per year by 2030 to protect themselves from the impacts of climate change. At the same time, Arab countries i.e. Saudi Arabia and Egypt had suggested a target of 1.1 trillion dollars per year to the United Nations. Out of this, $441 billion was said to be received directly from developed countries. India, African countries and small island states have also said more than $1 trillion should be raised per year.

Rich countries cited the 1992 talks

After the talks held during the United Nations Climate Conference in 1992, a list of rich countries was prepared in which they had to do climate finance. The European Union and America are adamant on making a new list, terming it old. he/she says that countries like China, Qatar, Singapore and United Arab Emirates should be included in this new list. However, China has objected to this.

COP-29 bye-bye, hope only from COP30

Institutions like the World Bank and Asian Infrastructure Investment Bank are expected to raise $120 billion annually. It is hoped that a positive solution to this issue will be found in COP30 to be held in Brazil next year. By then, perhaps America and China will realize that it is better to save the earth than spending more money on weapons.

What is Global South, whose leader can India become?

The term Global South evolved from Third World countries, a group of poor, low-income, less developed and developing countries in the post-colonial and Cold War eras. The Global South now also includes some rapidly developing and emerging economies, such as India, China, Brazil, Indonesia, South Africa. India, which aims to become a developed country by 2047, can be said to be in the early stages of its transition from the Global South to the Global North. Given China’s dominance, India can become the leader of these countries.