Hindustan Times | April 7, 2025

Anuja Malhotra, Abi Tamim Vanak

Despite 29 years of climate crisis talks, finance remains the key bot-tleneck for large-scale action, as multilateral treaties fail to institu-tionalise funding support. India has maintained the principle of a “com-mon, but differentiated responsibil-ity”, allowing developing countries more carbon emission leeway to meet their development needs, while the developed world draws down its emissions and financially supports the Global South in reducing emis-sions. However, Global North coun-tries have consistently resisted own-ing up to their responsibilities.