By Uzmi Athar
BAKU (AZERBAIJAN): Outlining its core expectations from the COP29 in ways that respect the unique needs of developing countries, India on Tuesday said it is expecting carbon market mechanism “without creating barriers to trade” and a recalibration of climate finance under the new Goals.
India and more than 190 other countries have gathered at this Azerbaijan capital for the annual climate negotiations, COP29, under the United Nations Framework Convention on Climate Change (UNFCCC).
Highlighting India’s approach, official sources emphasised the commitment to the principle of Common but Differentiated Responsibilities (CBDR), underscoring that developed nations, as historical emitters, should take the lead in mitigation efforts and climate finance.
