COP30 may see inking of key $1.3tn deal to bridge climate financing gap

The proposals come as the financing gap for climate action reaches alarming levels

A coalition of finance ministers from 35 countries, including India, has unveiled a five-point strategy to mobilise $1.3 trillion annually for climate finance, ahead of crucial negotiations at COP30 in Belém next month.

The recommendations will serve as a key document for finance negotiations at COP30, scheduled for November 10-21 in Belém, Brazil. (Bloomberg)