India has named its price in high-stakes climate talks: if the rich countries want it to cut planet-warming emissions, they need to come up with $1 trillion of public cash by the end of the decade.
The demand comes after India’s surprise announcement at the opening of COP26 negotiations in Glasgow, Scotland, that it would set an ambitious new goal to reach net-zero emissions by 2070. In his speech, Prime Minister Narendra Modi said that rich countries should provide as much as $1 trillion in climate finance.
