India Calls for “Trillions, Not Billions” in Climate Finance

On 17th November 2025, India called on developed countries to sharply raise their climate ambition, deliver climate finance at the scale of trillions, and achieve net zero much earlier than their current timelines, as nearly 200 nations entered tense final-stage negotiations at UNFCCC CoP30 in Brazil.

Key Points:

Context of Difficult Negotiations: Talks remain tense over fossil fuel use, climate finance and unilateral trade measures. Several issues were kept off the formal agenda to avoid deadlock.
India’s Climate Achievements: India has reduced emission intensity by more than 36% since 2005. Non-fossil sources now exceed half of the country’s 256 GW electricity capacity, enabling India to meet its NDC target five years ahead of 2030.
Upcoming Submissions and Global Initiatives: India will submit revised NDCs covering 2035 and file its first Biennial Transparency Report on time. India highlighted initiatives like the International Solar Alliance, Global Biofuel Alliance, Nuclear Mission and Green Hydrogen Mission.
Global Negotiation Fault Lines: Developing nations are pushing for a binding schedule to ensure wealthy countries deliver the COP29-pledged USD 300 billion annually by 2035.
New Climate Announcements by Countries:
- Denmark announced a legally binding 82% emissions-cut target by 2035 — the most ambitious among developed nations.
- South Korea will halt new coal plant construction and phase out nearly two-thirds of existing capacity by 2040.
- Indonesia warned that delayed funding threatens its coal phase-out plan.