INDIA CALLS FOR DIALOGUE ON CLIMATE FINANCE

NEWS: India has urged developed countries to fulfill their climate finance commitments during the 64th Session of the Subsidiary Bodies (SB64) under the United Nations Framework Convention on Climate Change (UNFCCC) being held in Bonn, Germany (June 8–18, 2026).

India highlighted:

  • Shrinking climate finance
  • Growing adaptation finance gap
  • Need for greater support to developing countries
  • Concerns over unilateral trade measures such as the European Union's Carbon Border Adjustment Mechanism (CBAM)

SB64

  • SB64 refers to the 64th Session of the Subsidiary Bodies under the UNFCCC.

Two Subsidiary Bodies

SBI (Subsidiary Body for Implementation)

  • Reviewing implementation of climate agreements.
  • Assessing progress made by countries.

SBSTA (Subsidiary Body for Scientific and Technological Advice)

  • Providing scientific and technical guidance.
  • Supporting climate policy decisions.

These bodies prepare draft decisions for the annual Conference of the Parties (COP).

Climate Finance

  • Refers to financial resources provided to support: Climate mitigation, Climate adaptation, capacity building, technology transfer
  • Adaptation Financeà Funds used to help countries adjust to climate change impacts.
  • Adaptation Finance Gapà Difference between adaptation funding needed and funding actually available.

India's Main Demands at Bonn

Greater Climate Finance India called for:

  • Increased funding from developed countries.
  • Dedicated negotiations on climate finance commitments.

Implementation of Paris Agreement Obligations  

  • India stressed that developed nations must honor their responsibilities under the Paris Agreement.

Closing the Adaptation Finance Gap India emphasized:

  • More funding for adaptation projects.
  • Support for vulnerable developing countries.

Protection of Developing Countries' Interests

  • India insisted that climate action should not create unfair burdens on developing nations.

India's Concern Regarding CBAM

  • Carbon Border Adjustment Mechanism (CBAM) is a policy of the European Union (EU).
  • It imposes carbon-related charges on imported products based on their carbon emissions.

India's Concerns India believes CBAM may:

  • Act as a trade barrier.
  • Increase costs for developing-country exports.
  • Violate principles of climate equity.
  • Affect industrial competitiveness.
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