Cabinet to okay COP26 pitch next week, govt seeks $100 bn climate funding

India will pivot its climate mitigation plan around 450 Gigawatt (Gw) renewable energy by 2030 and urge the developed world for climate financing in the upcoming global climate conference or COP26 in Glasgow, UK. Officials at the ministry of environment, forest and climate change (MoEFCC) said India’s official proposals at COP26 would be approved by the Union Cabinet in its upcoming meeting, which is slated next week.

Senior officials said the Indian government is not changing its stance for urging the developed world to provide climate financing of $100 billion per year. India will also ask the Global North to set up a mechanism for compensating the ‘loss and damage’ caused due to climate change related events.