Finance, tech transfer, capacity building on India's agenda for COP27

India will also seek clarity on loan availability, credit mechanisms and insurance requirements for adaptation finance

Climate finance, technology transfer, and capacity building will be on India’s agenda for COP27 that starts on Sunday in Egypt, said Environment Minister Bhupender Yadav on Thursday.

“This year it is a ‘COP for Action.’ Our focus will be on bringing clarity on climate finance definition and transparency in the process of fund distribution,” he said.

Pointing to ambiguity in climate finance — whether it is a grant, subsidy or loan — Yadav said “the target of $100 billion has not been achieved and there is no clarity on who has received how much money”. India will also push for