Attempt on to achieve $100bn climate finance target by 2023: COP 26 chief

Environment Minister Bhupender Yadav raised the issue of transfer of climate finance and technology by developed countries to developing nations, COP 26 president and Britain’s Cabinet minister, Alok Sharma, on Friday said that a mechanism is being put in place to achieve the target of $100 billion by 2023.

On the concluding day of his two-day visit to India, Sharma, who met Yadav and Power, New and Renewable Energy Minister R K Singh, also said, “It’s in our collective self-interest to ensure that we tackle climate change.”

Sharma, on his third visit to India, held discussions on India’s implementation of its COP 26 commitments, pressing for delivery of the Glasgow climate pact.

“I have always been very clear that what developed nations cannot do is ask developing countries to curb growth,” he told The Indian Express. “What we have to do is assist and work with developing nations to help them make clean energy transitions, get financing for climate resilient infrastructure; that’s why ensuring that developed countries delivered on the $100-billion goal, made some years ago now — that we put together a climate finance delivery plan before COP 26, which concluded that we will get to $100 billion by 2023.”