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flag India boosts climate spending to 5.6% of GDP, meets renewable targets early, and calls for fair global climate funding.

flag India has increased climate spending to 5.6% of GDP, more than double the 3.7% from six years ago, Finance Minister Nirmala Sitharaman announced in Munich. flag The country is advancing its climate goals using domestic funds, achieving two-thirds of its renewable energy targets four years early. flag The 2026-27 budget includes incentives for carbon capture technologies across urban and remote areas. flag Sitharaman stressed the need for global climate finance based on the "polluter pays" principle, greater focus on adaptation, and equitable support for developing nations.

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