India has strongly opposed the draft finance agreement at COP29, calling it an "optical illusion" that fails to address the real issues of climate finance.
The deal suggests vague funding measures, but India criticized it for lacking clarity and commitment, especially from developed nations. India emphasized that rich countries are still not meeting their $100 billion annual climate funding promise, made over a decade ago. India urged transparent actions and accountability instead of unrealistic goals, stressing the need for equitable climate responsibility between developed and developing nations.