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China & India Demand $100 Billion For Climate Action On Eve Of UN Summit

Climate Home News

Asian superpowers demand billions in climate cash and claim that Western nations are historically responsible for climate change

India prime minister Narendra Modi and Chinese president Xi Jinping (Photo: Russian president’s office)

China and India demanded rich countries provide financial support for them to increase their climate plans, as leaders prepared to meet at a UN summit in New York.

The summit has been personally convened by UN secretary general António Guterres as a moment for political leaders to show their willingness to increase their climate plans and deepen the decarbonisation of their economies.

Guterres asked governments to come ready to announce the plans they will set next year.

But in separate statements published on Tuesday, the world’s first and fourth largest emitters put the onus on rich countries to fulfil their commitments to mobilise $100 billion per year by 2020 for developing countries to cope with the impacts of climate change.

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