According to Vijay Vaitheeswaran, Global Energy and Climate Innovation Editor at The Economist, the UN climate conference has raised awareness of concerns like climate reparations for developing nations. "In the previous ten years, the pace of deployment of renewable energy, in particular, has been fairly swift over the world."
There is no possibility that poor nations will consent to compensation for pollution from fossil fuels. It is true that lower-income nations desire and require aid in either lowering their own emissions or coping with the effects of climate change. In the next 20 to 30 years, developing markets must get the majority of the funding required to clean up the energy system.
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.