India provided more climate funds than many rich nations; US, UK failed to contribute fair share: Report

New Delhi: India contributed USD 1.28 billion in climate finance through multilateral development banks (MDBs) in 2022, surpassing the contributions of many developed countries, according to a new analysis. The analysis, conducted by the UK-based think tank ODI and the Zurich Climate Resilience Alliance, comes amid a renewed push by some developed countries to broaden the donor base for climate finance to include developing countries like China and Saudi Arabia.