At the ongoing Global Plastics Treaty talks in Busan, South Korea, India emphasized the need for financial support to help developing countries meet the costs of controlling plastic waste and reducing plastic production. India’s proposal calls for technology transfers and a multilateral fund to ensure a fair transition for these nations.

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• India demands financial aid for developing countries to manage the costs of controlling plastic waste.
• The proposal was made during the Global Plastics Treaty negotiations in Busan, South Korea (Nov 27, 2024).
• India calls for a multilateral fund to support the transition to sustainable practices.
• The country highlights the need for technology transfers to help developing nations reduce plastic production.
• India argues that developing countries will only comply with control measures if they are compensated for the costs involved.
• The talks aim to establish a Global Plastics Treaty to reduce plastic waste and production worldwide.
• India’s move marks its first substantive intervention in the ongoing negotiations.
• No consensus yet on how to control or eliminate plastic waste globally.
• The Global Plastics Treaty is crucial for addressing the environmental impact of plastic pollution.
• Developing nations, including India, emphasize the need for financial and technical assistance to ensure fairness.