India to maintain carbon emission targets, awaits financial aid

EditorVlad Schepkov
Published 10-02-2025, 07:24 pm
© Reuters.

Investing.com -- India’s government is not expected to increase its carbon emission reduction targets, following the unmet financial aid requirements by developed nations at the COP29 climate summit last year, according to sources familiar with the matter.

The country’s updated climate targets, also known as Nationally Determined Contributions (NDCs) under the Paris Agreement, are still in preparation and will not be submitted for several more months. This comes despite today being the official deadline for countries to submit their NDCs to the United Nations.

In the upcoming NDC, India plans to concentrate on strategies to adapt to extreme weather conditions and boost resilience. A representative for India’s ministry of environment was not immediately available for comment.

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