Climate Finance Key to Climate Action, Says Minister Bhupender Yadav

By A Staff Reporter

New Delhi: Union Environment Minister Bhupender Yadav on Thursday described climate finance as the “make-or-break issue for climate action,” emphasising that global efforts to tackle climate change would be ineffective without adequate financial support for developing nations.

Speaking at a climate-related event, Yadav underlined that India alone would require an estimated USD 10 trillion to meet its net-zero commitments by 2070. He reiterated that developed countries must step up with predictable and adequate financial assistance, pointing to what he called their “moral responsibility to support the Global South” in its transition to sustainable, low-carbon economies.

The minister noted that while India has undertaken ambitious initiatives—such as scaling up renewable energy capacity, improving energy efficiency, and expanding green hydrogen projects—the pace of transition depends heavily on international support. “Equity and justice should guide global climate action. Without climate finance, developing nations cannot deliver on their commitments,” he said.