Climate financing and aid takes centre stage at high-level UN meeting

At a high-level meeting on climate change hosted by the UN secretary general with select world leaders, climate financing and aid, especially to developing economies, emerged as the key negotiation point. India, which was part of the discussion, emphasised on the need for the developed world to fund the climate actions of developing economies.

The UN Secretary General Antonio Guterres waved a warning signal and said the upcoming COP26 faces a high risk of failure unless world leaders take stronger measures to stem greenhouse-gas emissions.

“This (meeting) is a wake-up call to instill a sense of urgency on the dire state of the climate process,” said Guterres.