Brazil, China and India tie emissions cuts to funding from wealthy countries

The governments of Brazil, China, India and South Africa have joined forces to demand assurances from wealthy countries that an agreement on financing emerging economies will be reached at the UN climate conference in Glasgow.

RIO DE JANEIRO, BRAZIL - The negotiating process at COP26 ended in crisis in the first week, with optimism replaced by tensions and concerns that the process would fail.

In the first session on Monday, the crisis was exposed. On behalf of the 4 largest emerging economies, India made it clear that progress had been insufficient and that today the "credibility of the system is under threat."

The emerging market governments want a framework to be put in place to assess the new threshold for contributions from wealthy countries. However, the Indians warn that developed countries have responded by proposing only . . .

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