BRICS used its 2026 New Delhi summit to put green finance at the center of its agenda. The New Delhi Declaration calls on developed countries to provide additional, predictable climate finance and ties debt sustainability to the ability of developing countries to invest in climate action. The article argues the New Development Bank is becoming the practical vehicle for that shift. Context matters here. The long-delayed $100 billion annual pledge was not met until 2022, and about 70% of that flowed as loans, much of it non-concessional. COP29 set a $300 billion floor by 2035, but developing countries estimate they need $5.1 trillion to $6.8 trillion by 2030, with adaptation finance especially underfunded. Anyone tracking climate finance or development bank lending should read the full piece. It connects summit rhetoric to the actual money gap and points to the NDB as the institution to watch.
