India Demand for Fair Climate Finance Commitments at COP29 Summit
India, along with other developing countries at COP29 called for fair and effective climate finance agreements to support global climate action. Representing the Like-Minded Developing Countries (LMDCs), India emphasised the need for equitable financial support from developed nations, spotlighting the burden placed on vulnerable economies. Negotiators have noted that around 69% of the climate finance currently comes as loans, a structure that can impose heavy debt burdens rather than alleviating economic strain.
Push for Accountability and Consistency in Climate Funding
The New Collective Quantified Goal (NCQG) for climate finance remains a central focus of the summit, as discussions continue around establishing clearer financial targets and accountability measures. The LMDCs, working alongside the G77, BASIC, and the African and Arab groups, expressed concerns over developed countries’ failure to meet a $100 billion annual funding goal, which has long been contentious in international climate negotiations. Representatives have urged for a transparent and consistent approach in climate finance, ensuring that commitments are tracked and upheld in good faith.
Challenges with Existing Funding Mechanisms
Within the ongoing negotiations, India and other LMDC members voiced concerns about stringent investment requirements being proposed, as they could place smaller, less-developed nations at a disadvantage. The bloc argued that such policies may inherently benefit nations with robust financial infrastructures, potentially sidelining economies with limited investment access. LMDC negotiators have reiterated the importance of the “common but differentiated responsibilities” principle, emphasising that climate goals must consider the specific needs and capacities of all countries.
Call for Equitable Solutions
India and other LMDC countries continue to press for a collectively agreed-upon definition of climate finance, pushing for accessible and fair funding options for all developing nations. As discussions advance, the group remains committed to achieving a balanced outcome that fosters inclusivity, accountability, and transparency in international climate finance—crucial components for building global trust and cooperation in addressing climate change.
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Scientists have discovered a half a million years old three eyed “sea moth” from a cache of museum fossils in Canada. These finger-sized feisty predators are speculated to lurk in the primordial seas, hooking prey into its mouth while breathing through long gills on its butt. This species is named Mosura fentoni because of its resemblance to the fictional Japanese monster Mothra. This species, belonging to the group of ancestral arthropods called radiodonts, gives valuable insight towards the surprising diversity and adaptations in the ancient arthropods.
About the species
According to a study by Paleontologists Joseph Moysiuk and Jean-Bernard Caron, earliest-diverging arthropods, the radiodonts, exhibited comparatively limited variability in tagmosis. Unlike them, the newly found species M. fentoni exhibits up to 26 trunk segments, the highest number reported for any radiodont, despite being among the smallest known.
The species also had the longest gills relative to body length of all known radiodonts. the back-end gills were most likely a specialized system for respiration; horseshoe crabs, wood lice and some other living arthropods have subsequently evolved a similar system. Researchers aren’t certain why M. fentoni needed the long butt gills, but they speculated it was an adaptation to low-oxygen environments or an active lifestyle.
While paleontologists are still learning why Mosura fentoni had a third eye, researchers believe the eye may have been used to detect light and the seascape it moved through. Perhaps Mosura fentoni’s median eye was used to orient themselves during high-speed hunts, according to the U.K. Natural History Museum.
Key Insights
Arthropods are a large group of invertebrates with hard exoskeletons, segmented bodies and jointed legs. Today, they make up around three-quarters of all living animals, including insects, arachnids and crustaceans. One of the reasons for their evolutionary success is their specialized body segments. Radiodonts are probably the first group of arthropods to branch out in the evolutionary tree, so they provide key insight into ancestral traits for the entire group. The new species emphasizes that these early arthropods were already surprisingly diverse and were adapting in a comparable way to their distant modern relatives.
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