West pollutes, Global South pays? Piyush Goyal slams rich nations over climate funding
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓India’s Commerce and Industry Minister Piyush Goyal criticised developed nations for failing to provide climate finance.
- ✓Speaking at the Berlin Global Dialogue, he said, “Eleven years later, we haven't seen a nickel or a dime of that.
- ✓It's all promises.” He argued that wealthy countries must support developing economies more effectively.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Firstpost
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
India’s Commerce and Industry Minister Piyush Goyal has criticised developed countries for failing to deliver on their climate finance commitments, arguing that nations responsible for a larger share of historical carbon emissions must do more to help developing economies tackle climate change.
Speaking at the Berlin Global Dialogue, Goyal said wealthy nations had yet to provide adequate financial support and access to clean technology to developing countries, even as they continued to face pressure to reduce emissions while meeting the basic needs of their populations.
“Who's responsible for this mess in the first place? Where did the ozone layer get damaged? Who sent all that carbon into the atmosphere?” Goyal asked, pointing to the environmental impact of decades of industrialisation in developed economies.
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Firstpost
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