India has been of the opinion that developed countries need to provide at least $1 trillion of climate finance per year.

The upcoming UN climate summit in Azerbaijan, which begins Nov. 11, will focus on perhaps the thorniest topic in the history of such talks: money. Why it matters: Getting countries to provide the funds required to meet the challenge head-on will be a stretch,

Rich nations will be under pressure at this month's UN COP29 conference to substantially increase the amount of money they give to poorer countries for climate action.The signatories said all the money should be grants,