India will emphasize Paris deal red lines on climate finance before COP-29.
• India aims to increase climate finance, a broad term for funds for climate adaptation, without deviating from Paris Agreement principles.
• COP-15 agreed on a climate finance target of $100 billion per year by 2020 for developing countries.
• Disputes exist on the definition of climate finance, including conventional business investments in clean energy projects.
• OECD claimed the $100 billion target was achieved in 2022.
• In 2021, countries decided more funding is needed to meet Paris goals.