India contributed USD 1.28 billion in climate finance through multilateral development banks (MDBs) in 2022, surpassing the contributions of many developed countries, according to a new analysis.
The analysis, conducted by the UK-based think tank ODI and the Zurich Climate Resilience Alliance, comes amid a renewed push by some developed countries to broaden the donor base for climate finance to include developing countries like China and Saudi Arabia.
The report reveals that only 12 developed countries provided their fair share of international climate finance in 2022. These countries are -- Norway, France, Luxembourg, Germany, Sweden, Denmark, Switzerland, Japan, the Netherlands, Austria, Belgium and Finland.
Researchers noted that the significant gap in climate finance is largely due to the United States failing to contribute its fair share. Australia, Spain, Canada and the United Kingdom also performed relatively poorly in this regard.
The analysis has identified the top 30 ...
