Developed countries need to honour their financial and technological commitments: Bhupender Yadav

New Delhi: Union Minister for Environment, Forest and Climate Change Bhupender Yadav reiterated that the developed countries must honour their “financial and technological commitments” especially in fulfilling their obligations under the Paris Agreement.

Addressing the the World Sustainable Development Summit 2025, organized by The Energy and Resources Institute (TERI) , The Minister said the Global South, including India, is essential in “shaping climate discourse” despite facing the brunt of climate change.” 

Emphasizing the need to increase climate adaptation finance, he referenced the UNEP Adaptation Gap Report, which highlights the urgent need to scale up adaptation efforts to cope with rising climate impacts.He called for more robust financial support for adaptation, ensuring that the most vulnerable regions are able to implement solutions that build resilience and safeguard livelihoods.

Highlighting India’ s progress Bhupender Yadav outlined India’s long-term vision to become a Viksit Bharat by 2047, with a target of achieving net-zero emissions by 2070. 

He highlighted India’s progress, including the 36% reduction in emission intensity of GDP between 2005 and 2020 compared to the 45% target for 2030,.

 The  Minister called for reforms in global governance, urging the international community to place equity and justice at the heart of climate negotiations.

The  theme “Partnerships for Accelerating Sustainable Development and Climate Solutions.” Speaking at the event, Minister of Environment and Climate Change, Brazil, Marina Silva stressing the urgency of global cooperation in tackling climate change. 

“As we move towards COP30, we must accelerate the implementation of the commitments made in Dubai and Baku. We must advance on our transitions from fossil fuels while stepping up on climate finance” she added.

Mark Phillips, Prime Minister of Guyana, also underscored the pivotal role of international partnerships in addressing sustainability challenges. 

He stated, “Guyana stands as a testament to leadership, partnerships, and convergence in the pursuit of sustainability. In Guyana, growth does not come at the expense of environmental sustainability.”

Dr  Vibha Dhawan, Director General, TERI, in her address she emphasized the importance of collaboration and innovation in addressing climate challenges. S

She said  “Every citizen is affected by climate change, though the extent of the impact varies, particularly in developing countries. Therefore, we believe global collaborations will be crucial”.

The 24th edition of the World Sustainable Development Summit (WSDS), organized by The Energy and Resources Institute (TERI), commenced today in New Delhi.

The conference  brings together global leaders, policymakers, industry experts, and other stakeholders to foster collaborations and drive solutions for some of the most pressing environmental challenges.