Prime Minister Narendra Modi urges rich nations to reduce their carbon footprint before 2050 and calls for concrete progress on climate finance goals at COP28. India expects real progress on the New Collective Quantified Goal (NCQG) and the replenishment of the Green Climate Fund and the Adaptation Fund. The Adaptation Gap Report 2023 reveals a widening adaptation finance gap of USD 194-366 billion per year. Modi emphasizes the need for affordable finance from multilateral development banks for climate action.