India called on rich countries on Friday to live up to their promise of providing $100 billion in annual climate finance to developing nations and urged them to increase the amount for future years at next week's U.N. climate conference.
In 2009, developed countries most responsible for global warming pledged to give $100 billion per year by 2020 to help developing nations deal with its consequences., generating mistrust and reluctance among some developing nations to accelerate their emissions reductions.
"While the promised amount must be reached as quickly as possible, there is a need now to substantially enhance the ambition to ensure adequate resource flow under the new quantified goal post-2024."
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