Developing countries’ climate targets at risk without enough finance from developed world India

Together, BRICS nations account for 47 per cent of the world’s population and contribute around 36 per cent of global GDP in purchasing power parity terms. By 2050, BRICS will play a key role in the energy sector, with 54 per cent of global oil production, 53 per cent...

Developing countries, China seek ‘loss and damage’ fund – draft proposal

The subject of loss and damage has for the first time been included on the official COP agenda. But developed and developing nations are split over whether a new mechanism is needed or whether existing financial institutions can deliver the cash needed. The G77 bloc...