India, Oct. 31 -- Over 100 countries have submitted their Biennial Transparency Reports (BTRs), signaling that parties are actively beginning to implement the Paris Agreement, according to the 2025 BTR Synthesis Report released on Friday. However, the reports also highlight a substantial gap in the finance needed to execute climate action plans, particularly in developing countries.

The synthesis report notes that while many developing nations have made progress in reporting and implementing climate actions, the financial resources required far exceed what has been received. For instance, 37 developing countries reported a total financial requirement of $3,396.23 billion for climate action - mostly before 2030 - whereas 49 countries repo...