The Japan Times - India's Modi calls for climate finance ahead of G20 meet

EUR -
AED 4.262515
AFN 76.6038
ALL 92.003154
AMD 422.850422
ANG 2.077326
AOA 1065.483848
ARS 1756.602749
AUD 1.616988
AWG 2.090635
AZN 1.973275
BAM 1.949071
BBD 2.338148
BDT 143.107158
BGN 1.968901
BHD 0.437693
BIF 3464.169865
BMD 1.160658
BND 1.475425
BOB 13.612122
BRL 6.04087
BSD 1.160902
BTN 110.667875
BWP 15.555429
BYN 3.501173
BYR 22748.893868
BZD 2.334859
CAD 1.612102
CDF 2640.49643
CHF 0.937736
CLF 0.027389
CLP 1078.169398
CNY 7.799506
CNH 7.80695
COP 3704.019005
CRC 523.895773
CUC 1.160658
CUP 30.757433
CVE 109.884207
CZK 24.137393
DJF 206.728056
DKK 7.475049
DOP 68.155282
DZD 154.726164
EGP 58.288819
ERN 17.409868
ETB 189.626751
FJD 2.549327
FKP 0.853511
GBP 0.855747
GEL 3.028943
GGP 0.853511
GHS 13.002222
GIP 0.853511
GMD 85.888502
GNF 10204.6368
GTQ 8.861482
GYD 242.883542
HKD 9.099621
HNL 31.140488
HRK 7.529534
HTG 151.876956
HUF 365.214336
IDR 20597.266345
ILS 3.454353
IMP 0.853511
INR 110.895809
IQD 1520.849296
IRR 1595440.281313
ISK 140.552132
JEP 0.853511
JMD 184.014693
JOD 0.822883
JPY 185.630398
KES 150.17715
KGS 101.499864
KHR 4697.841503
KMF 490.958178
KPW 1044.592406
KRW 1598.98612
KWD 0.35848
KYD 0.967468
KZT 537.99721
LAK 26034.341229
LBP 103959.876164
LKR 380.718855
LRD 210.126353
LSL 18.571941
LTL 3.427121
LVL 0.70207
LYD 7.357661
MAD 10.726766
MDL 20.071875
MGA 5007.753969
MKD 61.308861
MMK 2437.116864
MNT 4176.949491
MOP 9.374715
MRU 46.704157
MUR 54.399885
MVR 17.932198
MWK 2013.067267
MXN 19.76685
MYR 4.672924
MZN 74.138552
NAD 18.571781
NGN 1554.96821
NIO 42.722868
NOK 10.877935
NPR 177.068201
NZD 1.958563
OMR 0.446245
PAB 1.160902
PEN 3.890103
PGK 5.148226
PHP 72.390513
PKR 322.066745
PLN 4.340222
PYG 6879.308586
QAR 4.231826
RON 5.257554
RSD 117.375003
RUB 99.991531
RWF 1706.522964
SAR 4.355035
SBD 9.285554
SCR 16.034832
SDG 698.139854
SEK 11.120054
SGD 1.4784
SHP 0.859892
SLE 28.609926
SLL 24338.413897
SOS 663.415287
SRD 43.803021
STD 24023.274145
STN 24.415915
SVC 10.157799
SYP 15090.873262
SZL 18.558088
THB 38.363198
TJS 10.738418
TMT 4.062302
TND 3.386209
TOP 2.794586
TRY 55.997212
TTD 7.878866
TWD 36.720315
TZS 3069.943536
UAH 51.725365
UGX 4376.926454
USD 1.160658
UYU 46.749003
UZS 13718.754454
VES 917.705586
VND 30261.251805
VUV 137.004954
WST 3.145328
XAF 653.708532
XAG 0.016652
XAU 0.000254
XCD 3.136736
XCG 2.092294
XDR 0.820645
XOF 653.705725
XPF 119.331742
YER 274.493731
ZAR 18.693097
ZMK 10447.312546
ZMW 21.970337
ZWL 373.731354
  • CMSC

    0.0200

    21.33

    +0.09%

  • JRI

    -0.0550

    12.345

    -0.45%

  • CMSD

    -0.0200

    21.16

    -0.09%

  • BTI

    -0.2050

    56.075

    -0.37%

  • BCC

    -1.2550

    77.515

    -1.62%

  • RELX

    0.0900

    36.39

    +0.25%

  • RYCEF

    -0.0500

    20.7

    -0.24%

  • AZN

    -2.8500

    161.67

    -1.76%

  • VOD

    0.0700

    15.95

    +0.44%

  • BCE

    -0.0550

    23.345

    -0.24%

  • GSK

    -0.0780

    50.192

    -0.16%

  • RBGPF

    -0.4400

    70.69

    -0.62%

  • BP

    -0.4470

    41.893

    -1.07%

  • RIO

    -1.6700

    103.11

    -1.62%

  • NGG

    -0.0350

    79.395

    -0.04%

India's Modi calls for climate finance ahead of G20 meet
India's Modi calls for climate finance ahead of G20 meet / Photo: Yasuyoshi CHIBA - POOL/AFP

India's Modi calls for climate finance ahead of G20 meet

Indian Prime Minister Narendra Modi said Thursday that leaders of the G20 summit he is chairing this weekend must support developing nations to tackle climate change with more cash and by sharing technology.

Text size:

Against a backdrop of record-breaking temperatures and deadly heatwaves across the globe, climate scientists and activists have warned of dire consequences -- particularly for developing countries -- if leaders fail to forge a consensus.

Modi has pitched India as a self-styled leader of the "Global South", a bridge between developed and developing countries.

"Many countries of the Global South are at various stages of development and climate action must be a complementary pursuit," Modi wrote in an editorial carried by several Indian outlets as well as international dailies including in Britain and Japan.

Globally, wealthy nations missed their pledge to provide, by 2020, $100 billion a year in climate finance to poorer nations, eroding trust that polluters will help vulnerable countries least responsible for warming to tackle the challenges of climate change.

The Group of 20, which will meet in New Delhi this weekend, consists of 19 countries and the European Union, making up about 85 percent of global GDP, and a similar amount of its carbon emissions.

"Ambitions for climate action must be matched with actions on climate finance and transfer of technology," Modi added.

"We believe there is a need to move away from a purely restrictive attitude of what should not be done to a more constructive attitude focusing on what can be done to fight climate change."

A G20 energy ministers' meeting in July failed to agree on a roadmap to phase down the use of fossil fuels -- or even mention coal, the dirty fuel that remains a key energy source for economies like India and China.

The two Asian nations are among the biggest global polluters but argue that historical contributors in the West need to take a much bigger responsibility for today's global climate crisis.

The G20 energy and climate consensus push has also faced resistance from countries like Saudi Arabia and Russia, which fear that a transition away from fossil fuels would dent their economies.

"Due to the impact of climate change, ensuring food and nutritional security will be crucial," Modi added, saying "boosting climate-smart agriculture" was one solution.

"Technology is transformative but it also needs to be made inclusive," he said.

The G20 September 9-10 summit is the next major set of negotiations in a packed calendar of meetings crucial for action on global warming, culminating at the United Nations COP28 talks in the oil-rich United Arab Emirates starting in November.

K.Inoue--JT