COP stands for Conference of the Parties. COP refers to the governing body of multiple conventions, including the United Nations Framework Convention on Climate Change (UNFCCC).

  • The COP is a formal meeting of the UNFCCC parties (governments) that assess progress on climate change.
  • COPs happen annually in a different host city.
  • At COPs, parties discuss ways to reduce greenhouse gas emissions, adapt to the impacts of climate change, decide on funding for vulnerable countries and help countries green their economies.
  • India’s request for significant climate finance: At COP29, India asked for over $1.3 trillion annually by 2035 in climate finance to help developing countries accelerate their progress towards the net zero goal. This demand was based on a needs assessment demonstrating the required financial resources.
  • The demand from developing countries at COP29 was based on analysis of the finance required to accelerate the ambition towards the net zero goal.
  • Rejection of rushed finance goal: India rejected the rushed approval of the new finance goal for 2026-2035, arguing that due process was not followed. This highlights India’s commitment to ensuring fairness and transparency in climate finance negotiations.
  • Call for higher ambition from developed nations: India called for “much higher ambition” from developed nations, emphasising the shared responsibility for addressing climate change and the need for developed countries to take a leading role.
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