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of <h1>Economic Survey 2024-25: Insufficient Climate Finance from Developed Nations May Force Developing Countries to Rethink Targets</h1> The Economic Survey 2024-25 highlights concerns over inadequate climate finance from developed countries, which may lead developing nations to reconsider their climate targets. India's Chief Economic Advisor, V Anantha Nageswaran, noted that the financial package from the 2024 UN climate conference offers little optimism. Developed nations, historically responsible for significant emissions, are expected to support developing countries, but the current funding is insufficient. The survey stresses the importance of domestic resources for climate action, as the small annual target of USD 300 billion by 2035 falls short of the USD 5.1-6.8 trillion needed by 2030. This funding gap may undermine sustainable development and international climate partnerships.
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