India has expressed serious concerns over the growing disparity in climate finance in the ongoing UN climate negotiations in Bonn as commitments made by developed countries have yet to translate into adequate financial support for climate adaptation and mitigation efforts.

Ahead of the intersessional climate change negotiations, India's delegation stressed that the current rate of climate financing is inadequate to help developing countries cope with the far-reaching consequences of global warming, especially in the context of vulnerability of developing countries to high-intensity weather extremes, rising sea level and falling food security.

In his address, an Indian official highlighted the need for effective implementation of financial resources pledged for adaptation, loss and damage and technology support, including by focusing on how to strengthen community and economic resilience to climate risks. The official said that although several commitments have been made by developed countries but they are falling short in implementation and funding delivery.

India pointed out that the annual climate finance goal of US$100 billion first committed in 2009, has not been adequately met in practice and is leaving the developing countries with unmet funding needs. Delegates emphasized that closing the funding gap is essential for expanding renewable energy, strengthening infrastructure, improving water security, and building climate resilience, and enable climate-smart food production for countries to ramp up their use of renewables and improve their infrastructure.

Beyond financial needs, India emphasized the need for increased climate finance predictability, noting that financial commitments are essential for effective plans and investments in climate change mitigation and adaptation efforts in India. Concerning loss and damage financing, the

Indian delegation also requested greater support to such models, given that climate disasters affect developing countries more than others.

Observers in Bonn welcomed the broad agreement among negotiating parties regarding the need for a more robust climate finance architecture, and called on rich countries, multilateral development banks, and private capital sources to take concrete steps to fill the funding gap.

India's position in Bonn underscores the urgent need to turn climate finance commitments into tangible support for vulnerable nations facing the growing impacts of climate change.