But without adequate climate finance being definitively available, we can’t commit on that part." Gupta also said the current $100 billion-a-year pledge by richer nations to help developing nations -- a target they haven’t even met yet -- is insufficient to make the shift. “Let there be a decision on climate finance first." Meanwhile, Brazil has also made its commitment contingent on richer nations, saying net-zero is only possible if it can guarantee $10 billion-per-year in contributions from other countries. The global climate talks in Scotland later this year, known as COP26, are seen as the last chance to set a plan to limit global warming to 1.5 degrees Celsius.

Source: Mint July 12, 2021 03:11 UTC