During his visit to New Delhi earlier this week, U.S. climate envoy John Kerry said he expects India to announce more goals in the run-up to the UN climate conference in Glasgow later this year. The issue of climate funding also came up during his talks with the Indian leadership. Kerry said six big American banks had committed to investing over $4 trillion to help countries make the transition to clean energy. A $100 billion annual climate fund by developed nations to help developing nations cope with the effects of climate change, which was talked about at the climate conference in Copenhagen more than a decade ago, has made tardy progress. We should look at finance that’s not only through loans but grants, says Alice Hill, senior fellow for energy and the environment at the Council on Foreign Relations. Some of the emerging economies have a growing problem of debt crisis and it will be very difficult for them to tackle the challenge of climate change if we don’t give some debt relief, she told StratNews Global. And yes, the developed world could learn from developing countries such as India, when it comes to dealing with climate change, Hill added. Listen in for more.
Podcast Producer : Manas R. Tarai
