"Prime Minister Narendra Modi on Monday in his address to world at the United Nations' 26th COP Summit in Glasgow urged the developed nations to pledge $1 trillion towards climate action. Urging the developed nations, PM Modi in his address stated that with the clock ticking, the climate financing and transfer of low-cost technology has become even more imperative.

On climate financing, PM Modi also outlined that the promises made in the past have been proven hollow and the world's stance has to move ahead from the Paris Agreement. It is pertinent to mention here that PM Modi not only urged the developed nations to pledge $1 trillion but also to institute a framework to pin down accountability and compliance.

"Today, when India has resolved to move forward with a new commitment and new energy, then the climate finance and transfer of low-cost technology transfer become even more important: We know the reality - that promises made so far over climate finance have proven to be hollow. When we're taking forward our ambition regarding climate action, the ambitions of the world over climate finance cannot be kept standing at the point where they were at the time of the Paris Agreement," said PM Modi. "

https://www.republicworld.com/world-news/global-event-news/pm-modi-asks-developed-nations-to-pledge-1-dollars-trillion-for-climate-financing-walk-the-talk.html