India Seeks Action on Climate Finance at Bonn Climate Conference

Jul 3, 2025 - 14:51
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India Seeks Action on Climate Finance at Bonn Climate Conference
Bonn Climate Conference

India Flags Climate Finance Concerns as Bonn Climate Talks Conclude

At the recently concluded Bonn Climate Talks, India took center stage by demanding that developed nations address long-standing climate finance concerns faced by the developing world. The conference, held to build momentum before COP30, highlighted widening divides on the issue of financial support essential for tackling climate change equitably across nations.

India’s delegation repeatedly called out the gap between financial pledges and actual disbursement, stating that climate ambitions in the Global South are being hampered by inconsistent, delayed, and inadequately structured funding mechanisms. The Indian representatives stressed that without resolving Climate Finance Concern, developing countries may not be able to meet their climate goals, let alone raise ambition levels.

One of India’s primary demands was the fulfillment of the $100 billion annual climate finance promise, first made by developed nations over a decade ago. Despite repeated affirmations, this target has not been met, and much of the reported finance remains difficult to verify. India questioned the reliability of existing financial commitments and urged the international community to focus on actual delivery over public relations.

India also emphasized that the form of finance being delivered matters significantly. A major part of the funds has been provided as loans rather than grants. This model, Indian negotiators argued, is detrimental to countries already burdened by debt and economic vulnerability. The delegation insisted that climate finance concerns must include not only the volume of support but its terms and conditions.

India took the opportunity to remind the world that it has taken substantial steps on its own to combat climate change, including expanding its renewable energy portfolio, launching the Green Hydrogen Mission, and taking a leadership role in the International Solar Alliance. However, officials made it clear that future progress depends on adequate international support.

The Bonn Climate Talks also touched on the development of the New Collective Quantified Goal (NCQG), which will succeed the current $100 billion target after 2025. India was vocal in asserting that the new target must be built from the ground up—based on actual needs rather than arbitrary figures—and should incorporate historical responsibility and equity. Without addressing the deeper climate finance concerns of the Global South, India argued, the new goal risks repeating the shortcomings of the current framework.

India drew attention to a number of technical and systemic issues, including the lack of transparency in how donor countries report climate finance. Often, funds are reported in inflated terms or include unrelated investments, distorting the global picture. India demanded a standardized accounting method for climate finance flows that would allow better monitoring and trust-building among nations.

India’s climate finance concerns were echoed by other members of the Global South, particularly the Group of 77 and China, as well as the Like-Minded Developing Countries (LMDC) group. These coalitions backed India’s call for predictability, scale, and accessibility in global climate finance. Together, they reinforced the idea that developed countries must do more than make symbolic gestures—they must deliver on their obligations.

Additionally, India emphasized the importance of channeling funds to adaptation as well as mitigation. While much of the current climate finance is focused on reducing emissions, adaptation remains a crucial priority for vulnerable nations. From droughts to floods, countries like India face a range of climate threats that require financial and technological assistance to manage effectively.

At Bonn, India also challenged the political asymmetries embedded in climate finance institutions. The delegation called for reforms in global financial bodies such as the Green Climate Fund, urging for processes that are more inclusive and responsive to the needs of recipient countries. According to India, many of the climate finance concerns originate from the top-down nature of fund management and decision-making.

India’s strong presence at the Bonn Climate Talks ensured that climate finance was not sidelined in favor of more technical topics. Instead, it brought renewed urgency to a matter that underpins the entire global climate transition. As preparations begin for COP30 in Brazil, India’s efforts to keep climate finance concerns in focus may shape the negotiations ahead.

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