Synopsis
Developed countries have been noncommittal on funding climate action and they stopped short of a multilaterally agreed definition in COP26. While calling for reforms in global financing institutions, India is also expected to question the commitment of developed countries towards climate finance.
As the Conference of the Parties (COP) 27 on climate change in Egypt draws nearer, finance is expected to be a sticking point during the two-week-long negotiations that will see the presence of some of the top global leaders. India, in its submission to the United Nations (UN) climate-change panel, has cited sharply varying figures on climate finance by developed nations and called out the limited use of the explanation of the term by the United
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