In accommodating some, ignoring others, COP30 signals important shift in power equations

It has proposed to establish a two-year work programme to discuss all issues on climate finance, including Article 9.1 of Paris Agreement. Developing countries, led by India, have been insisting that this particular provision which says that developed countries “shall provide financial resources” has been ignored till now, including in the comprehensive finance agreement reached last year. These countries have argued that all decisions on climate finance till now, have addressed only Article 9.3 which only asks the developed world to “take the lead in mobilising climate finance”. On the issue of unilateral trade measures, the agreement has acknowledged the…