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

EUR -
AED 3.780953
AFN 77.233348
ALL 98.956186
AMD 404.916572
ANG 1.842769
AOA 941.392826
ARS 1084.344915
AUD 1.664155
AWG 1.854226
AZN 1.750147
BAM 1.950581
BBD 2.064476
BDT 124.696352
BGN 1.956118
BHD 0.388038
BIF 3026.601773
BMD 1.029411
BND 1.39766
BOB 7.081053
BRL 5.978921
BSD 1.022474
BTN 89.08763
BWP 14.368971
BYN 3.346247
BYR 20176.448222
BZD 2.053904
CAD 1.491132
CDF 2933.820805
CHF 0.939523
CLF 0.036772
CLP 1014.638127
CNY 7.403417
CNH 7.535909
COP 4284.839368
CRC 520.90622
CUC 1.029411
CUP 27.279382
CVE 109.970753
CZK 25.213326
DJF 182.082804
DKK 7.460478
DOP 63.539987
DZD 139.752254
EGP 51.831958
ERN 15.441159
ETB 130.795005
FJD 2.398084
FKP 0.847809
GBP 0.830304
GEL 2.923556
GGP 0.847809
GHS 15.618211
GIP 0.847809
GMD 74.633315
GNF 8837.354043
GTQ 7.91183
GYD 213.917624
HKD 8.019598
HNL 26.047558
HRK 7.596585
HTG 133.742148
HUF 408.389875
IDR 16855.260727
ILS 3.686412
IMP 0.847809
INR 89.684827
IQD 1339.416147
IRR 43338.187312
ISK 146.176321
JEP 0.847809
JMD 161.15879
JOD 0.730265
JPY 159.848429
KES 132.886464
KGS 90.021832
KHR 4111.997598
KMF 492.933548
KPW 926.469676
KRW 1506.37799
KWD 0.317748
KYD 0.85212
KZT 534.380168
LAK 22240.491497
LBP 91563.904025
LKR 306.300437
LRD 203.472607
LSL 19.335764
LTL 3.039582
LVL 0.62268
LYD 5.020567
MAD 10.321483
MDL 19.156743
MGA 4881.937483
MKD 61.614644
MMK 3343.48555
MNT 3497.937409
MOP 8.208337
MRU 40.848702
MUR 48.39281
MVR 15.852997
MWK 1773.055865
MXN 21.02949
MYR 4.59066
MZN 65.771987
NAD 19.335764
NGN 1526.451186
NIO 37.629316
NOK 11.751371
NPR 142.540607
NZD 1.841044
OMR 0.396315
PAB 1.022464
PEN 3.811202
PGK 4.103022
PHP 60.067136
PKR 285.27726
PLN 4.234494
PYG 8062.4275
QAR 3.728424
RON 4.97525
RSD 117.104708
RUB 102.684705
RWF 1445.332748
SAR 3.861178
SBD 8.724445
SCR 14.754421
SDG 618.675875
SEK 11.459569
SGD 1.401337
SHP 0.847809
SLE 23.577218
SLL 21586.225989
SOS 584.336501
SRD 36.1374
STD 21306.721536
SVC 8.947191
SYP 13384.396913
SZL 19.329468
THB 34.911944
TJS 11.145017
TMT 3.602937
TND 3.300668
TOP 2.410982
TRY 37.072829
TTD 6.932451
TWD 33.961798
TZS 2612.92103
UAH 42.763778
UGX 3760.936925
USD 1.029411
UYU 44.320766
UZS 13277.47369
VES 60.186713
VND 25972.030033
VUV 122.213696
WST 2.883201
XAF 654.206551
XAG 0.032711
XAU 0.000366
XCD 2.782033
XDR 0.784202
XOF 654.206551
XPF 119.331742
YER 256.118451
ZAR 19.343058
ZMK 9265.936786
ZMW 28.706191
ZWL 331.469801
  • RBGPF

    0.2700

    66.27

    +0.41%

  • CMSC

    -0.1200

    23.35

    -0.51%

  • SCS

    -0.4100

    11.07

    -3.7%

  • NGG

    0.6100

    62.01

    +0.98%

  • AZN

    -0.9000

    69.86

    -1.29%

  • RIO

    -0.5600

    59.85

    -0.94%

  • RYCEF

    -0.1400

    7.35

    -1.9%

  • GSK

    -0.3700

    34.9

    -1.06%

  • RELX

    -0.0400

    49.85

    -0.08%

  • BCC

    -1.0200

    125.14

    -0.82%

  • CMSD

    -0.0900

    23.75

    -0.38%

  • BCE

    0.2400

    24.03

    +1%

  • VOD

    -0.0500

    8.49

    -0.59%

  • BTI

    0.1000

    39.74

    +0.25%

  • JRI

    -0.0700

    12.46

    -0.56%

  • BP

    -0.1900

    30.87

    -0.62%

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