{"id":319804,"date":"2024-12-14T19:54:28","date_gmt":"2024-12-14T14:24:28","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=319804"},"modified":"2024-12-14T19:54:28","modified_gmt":"2024-12-14T14:24:28","slug":"indias-need-to-triple-climate-investments-to-meet-its-targets","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/indias-need-to-triple-climate-investments-to-meet-its-targets\/","title":{"rendered":"India’s need to triple climate investments to meet its targets"},"content":{"rendered":"

Source<\/strong>: The post India’s need to triple climate investments to meet its targets has been created, based on the article \u201cIndia needs to triple green investments for meeting climate targets: Report<\/strong>\u201d published in \u201cDown<\/strong> to<\/strong> Earth<\/strong>\u201d on 14th December 2024<\/p>\n

UPSC Syllabus Topic:<\/strong> GS Paper 3-Environment<\/p>\n

Context<\/strong>: The article discusses India’s need to triple climate investments to meet its targets. It highlights green finance progress, gaps in funding, and sector-wise trends. Most mitigation funds are private, while adaptation funds rely on public sources, especially government budgets.<\/p>\n

What is India\u2019s Climate Investment Need?<\/strong><\/h2>\n
    \n
  1. India requires Rs 16,250,000 crore ($2.5 trillion)<\/strong> by 2030 to achieve its Nationally Determined Contributions (NDCs). This means Rs 1,100,000 crore ($170 billion)<\/strong> annually is needed.<\/li>\n
  2. Adaptation alone demands Rs 8,560,000 crore ($1 trillion)<\/strong>, or Rs 5,733,000 crore ($67 billion)<\/strong> annually from 2015 to 2030.<\/li>\n<\/ol>\n

    What is the Current Green Finance Status?<\/strong><\/h2>\n
      \n
    1. India invested Rs 425,300 crore<\/strong> in green finance during 2021-22.<\/li>\n
    2. Mitigation efforts received Rs 371,200 crore ($50 billion)<\/strong>, a 20% increase from 2019-20.<\/li>\n
    3. Adaptation sectors received Rs 1,09,200 crore ($15 billion)<\/strong>, a three-fold increase from 2019-20.<\/li>\n
    4. The CPI report, titled <\/strong>The Landscape of Green Finance in India<\/em><\/strong>, analyzed both public and private sources of green finance. 83% of mitigation finance<\/strong> was domestic, with the private sector contributing 66%<\/strong>.<\/li>\n
    5. International mitigation finance rose to 17%<\/strong>, with 66% from private sources<\/strong>, up from 40% in 2019-20<\/strong>.<\/li>\n
    6. Clean energy attracted 47%<\/strong> of mitigation funding, energy efficiency 35%<\/strong>, and clean transportation 18%<\/strong>.<\/li>\n
    7. Adaptation funds were 98% public<\/strong>, primarily from government budgets.<\/li>\n<\/ol>\n

      How is Adaptation Finance Sourced?<\/strong><\/h2>\n
        \n
      1. 98% of adaptation finance<\/strong> is from public domestic sources, primarily government budgets.<\/li>\n
      2. Farm adaptation activities saw negligible private funding, with less than 1% from private equity and venture capital<\/strong>.<\/li>\n
      3. International adaptation finance grew by 19%<\/strong> in 2021-22, with 92% from public sources<\/strong>.<\/li>\n<\/ol>\n

        Which Adaptation Sectors Received the Most Funds?<\/strong><\/h2>\n
          \n
        1. Disaster risk management:<\/strong> 42%<\/strong> of adaptation funds, with a ten-fold increase since 2019-20.<\/li>\n
        2. Flood and cyclone mitigation:<\/strong> 32%<\/strong> of funds.<\/li>\n
        3. Agricultural adaptation activities:<\/strong> 24%<\/strong>, with crop insurance taking 58%<\/strong>, mostly funded by public sources.<\/li>\n<\/ol>\n

          Question for practice:<\/strong><\/p>\n

          Discuss the trends and sources of funding for climate adaptation and mitigation efforts in India.<\/p>\n","protected":false},"excerpt":{"rendered":"

          Source: The post India’s need to triple climate investments to meet its targets has been created, based on the article \u201cIndia needs to triple green investments for meeting climate targets: Report\u201d published in \u201cDown to Earth\u201d on 14th December 2024 UPSC Syllabus Topic: GS Paper 3-Environment Context: The article discusses India’s need to triple climate… Continue reading India’s need to triple climate investments to meet its targets<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,30],"tags":[10504,59,216],"class_list":["post-319804","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-environment-2","tag-down-to-earth","tag-environment","tag-gs-paper-3","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/319804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=319804"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/319804\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=319804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=319804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=319804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}