Source: The post is based on the article “Finance is the binding constraint in efforts to fight climate change” published in Live Mint on 28th April 2023. Syllabus: GS 3 – Environment – Climate Change Relevance: concerns associated with climate finance News: Countries around the world are adopting climate mitigation technologies to tackle climate change. However, climate… Continue reading Finance is the binding constraint in efforts to fight climate change
Tag: climate financing
India calls for hike in climate finance to $1trillion
What is the news? At the ministerial meeting of the Like-Minded Developing Countries (LMDC), India has said that climate finance cannot continue at the levels decided in 2009 and emphasised that it should be at least $1 trillion to meet the goals of addressing climate change. The ministerial meeting of LMDC was hosted by Bolivia.… Continue reading India calls for hike in climate finance to $1trillion
Cat to the rescue: Govts, insurers must issue catastrophe bonds for citizens’ financial protection from weather events
Synopsis: With India prone to disaster activities, there is a need to launch the cat bonds or catastrophe bonds. Contents1 Introduction2 What are catastrophe bonds or cat bonds? 3 What are the benefits of cat bonds?4 What should India do? Introduction Climate change has an adverse impact on the nature and environment. It led to a lot… Continue reading Cat to the rescue: Govts, insurers must issue catastrophe bonds for citizens’ financial protection from weather events
Deconstructing climate finance
Synopsis: Behind the rhetoric of mobilising climate finance lies the grim reality of burdening the G77 and its people with a fresh load of “green” debt. Contents1 Introduction2 What are the issues underlying in climate finance?3 How USA has performed with respect to climate financing?4 What is the way forward? Introduction Media reports have claimed… Continue reading Deconstructing climate finance
Rich nations to miss $100-bn climate fund target even by 2025
What is the news? As per a recent report published by Oxfam, developed countries’ pledge to provide $100 billions of annual financing, made over a decade ago is unlikely to be met even five years after the target i.e. by 2025. This threatens the aim of limiting global warming to 1.5 degree Celsius as part… Continue reading Rich nations to miss $100-bn climate fund target even by 2025
India and US launch the Climate Action and Finance Mobilization Dialogue (CAFMD)
What is the News? India and the United States of America (USA) have jointly launched the “Climate Action and Finance Mobilization Dialogue (CAFMD)”. About Climate Action and Finance Mobilization Dialogue (CAFMD) CAFMD is one of the two tracks of the India-U.S. Climate and Clean Energy Agenda 2030 partnership launched at the Leaders’ Summit on Climate… Continue reading India and US launch the Climate Action and Finance Mobilization Dialogue (CAFMD)
Getting finance onside for climate
Source: This post is based on the article “Getting finance onside for climate” published in Business Standard on 30th August 2021. Relevance: Role of finance in alleviating climate crisis. Synopsis: Climate crisis demands enormous economic and societal changes. The challenge is manageable. But if it is to be managed well, finance must play its part.… Continue reading Getting finance onside for climate
Financing India’s green future
Source: Business Standard Relevance: Increasing investment in decarbonising technology is important for achieving a green future Synopsis: India’s is among one of the few countries to achieve its target under Paris Commitment. However, we still require investment in green future to promote sustainable development. Contents1 Context2 How much capital is required?3 Need of commercial capital4… Continue reading Financing India’s green future
