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Developed nations spending less on climate: India

Dec 05, 2018 08:10 IST

Developed countries are not spending enough to mitigate the impact of climate change, the Indian ministry of finance submitted at the Poland climate summit. In a report released on the sidelines of COP 24, the ministry questioned climate finance values being reported by the developed countries as having been transferred by them to developing countries. The report said that climate-specific finance flows from US, Australia and EU amount to only around $ 38 billion which is less than 40% of the $100 billion target of climate finance

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