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Developing countries to seek commitment on finance, tech at COP27

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New Delhi, Nov 4 (PTI) India will push developed countries for “action” on climate finance and technology transfer to help developing nations adapt to climate change, Union Environment Minister Bhupender Yadav has said ahead of the 27th edition of the Conference of Parties (COP) to UNFCCC.  The minister said India will also emphasise that it is one of the few countries which has met the 2015 climate goals set in Paris, and stress on climate justice and sustainable lifestyles through Prime Minister Narendra Modi’s LIFE movement which stands for “Lifestyle for Environment”.    “COP27 should be COP for action in terms of climate finance, technology transfer and capacity building. This is our overall approach. India will seek clarity as to what is being termed as climate finance whether it is grants, loans or subsidies. Public and private finance should be separate…adaptation finance and mitigation finance should be equal.These issues will be taken up strongly,” the minister told reporters here on Thursday.

US President Joe Biden, UK Prime Minister Rishi Sunak and more than 100 heads of states are expected to attend the conference which will be organised at Sharm El-Sheikh in Egypt from November 6 to 18.

It is not yet clear if Prime Minister Modi will attend it.

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