Climate finance isn't charity, says Indian minister at COP26

GLASGOW, Scotland (AP) — India's environment and climate minister says rich countries have “an obligation, responsibility, duty and a vow” to provide climate finance to developing nations and should deliver on an unfulfilled promise to raise $100 billion a year.

In an interview Wednesday with The Associated Press, Bhupender Yadav said addressing the shortcomings on finance was paramount to making the U.N. climate summit in Glasgow, Scotland, a success.

“I believe the biggest responsibility ... lies with the developed countries," Yadav said. "Because if there is any gap that remains it is in the action for climate finance.”

Yadav heads the Indian delegation at the two-week talks scheduled to end Friday. A draft deal under negotiation noted “with regret” that rich nations had failed to meet their promise to provide $100 billion each year in climate finance to poor nations as of 2020.

Currently, rich nations provide an estimated $80 billion annually, which poorer nations say isn’t enough to develop clean energy systems and to adapt to worsening climate shocks. India alone said it needs $2.5 trillion, in a 2019 finance ministry document.

“Climate finance isn’t charity," Yadav told AP on the sidelines of the conference. “This is an obligation, responsibility, duty and a vow.”

He said helping the developing world cope with climate change is a call of conscience that "should be in the heart of every person. But especially in those who’ve a greater historical responsibility than others.”

The minister said India — a country with nearly 1.4 billion people or almost one-fifth of the global population and yet accounting for just 5% of its emissions — is among the few countries in the world on track to meet its climate targets before 2030.

However, emissions analysts say India...