Union commerce and industry minister Piyush Goyal blamed developed countries for contributing a disproportionately large share of global carbon emissions while failing to honour the climate finance commitments they made at COP21 in Paris in 2015.
The decline was attributed partly to weather-related factors and partly to structural shifts towards renewable energy. India reportedly recorded a decline in greenhouse gas (GHG) emissions in 2025 compared to the previous year, breaking a prolonged trend of rapid growth, according to the United Nations Environment Programme’s (UNEP) annual Emissions Gap Report released on Wednesday.
“Even today, as we sit here, my per capita contribution to carbon emissions is probably less than 10 per cent or 15 per cent of yours. He said that as per the agreement, developed countries were to assist developing countries with climate finance worth $100 billion but not a ‘dime of it’ has been received. “At the Paris climate conference in 2015, when the whole world came together, it was Prime Minister Modi who brought the Global South together and encouraged countries to commit to addressing climate change at COP21. It was agreed that the developed countries, who have enjoyed the fruits of messing up the climate for so many decades, will pay a greater price, and will support the developing and less developed countries, as well as island nations in the Pacific and the Caribbean…Just $100 billion a year.
Goyal also reminded the developed countries of the world about the pledge to provide financial and technological support to developing and vulnerable nations under the Paris Agreement.
Goyal said India’s per capita carbon emissions remain significantly lower than those of Western countries, arguing that Europe’s per capita emissions and environmental impact are seven to eight times higher than India’s. That was the commitment,” Goyal said. Earlier reporting noted: “Haven’t Seen Dime Of That”: Piyush Goyal On $100 Billion Climate Finance “Haven’t Seen Dime Of That”: Piyush Goyal On $100 Billion Climate Finance “Haven’t Seen Dime Of That”: Piyush Goyal On $100 Billion Climate Finance Earlier reporting noted: Union Minister of Commerce and Industry Piyush Goyal launched a critique of the developed world’s track record on climate obligations, questioning wealthy nations and the European Union for failing to deliver on their climate finance commitments to the Global South.
Even today, Europe’s per capita contribution to carbon emissions—and its per capita environmental impact—is probably seven or eight times that of India,” Goyal said.
