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The Wall Street Publication > Blog > World > China, India and Other Developing Nations Seek $1.3 Trillion a Year in Climate Finance
World

China, India and Other Developing Nations Seek $1.3 Trillion a Year in Climate Finance

Editorial Board Published November 4, 2021
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China, India and Other Developing Nations Seek .3 Trillion a Year in Climate Finance
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GLASGOW—Most of the world’s developing countries have backed a demand for wealthy nations to channel at least $1.3 trillion in climate finance to them annually starting in 2030, the opening salvo in one of the most contentious negotiating topics at the COP26 climate summit.

African nations and a group called the Like-Minded Developing Countries, which includes China, India and Indonesia, said in a document they submitted to the United Nations at the summit that half the money should go toward funding renewable energy in the developing world and half toward protecting these countries from the effects of global warming.

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