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Climate financing News

03 May 2023

India's Green Financing Requirement Estimated At 2.5 % Of GDP: RBI Study

Estimates suggest that compared with a no policy action scenario that could increase India's carbon emissions to 3.9 gigatonnes by 2030 (from 2.7 gigatonnes in 2021), a balanced policy intervention can lower carbon emissions to 0.9 gigatonne by 2030, the report added.

UN COP 27 Egypt

06 Nov 2022

UN COP27 puts climate compensation on agenda for first time -- Details Inside

The loss and damage discussions now on the COP27 agenda. The issue could generate even more tension than at previous conferences this year. At COP26 last year in Glasgow, high-income nations blocked a proposal for a loss and damage financing body.

05 Nov 2022

Explained: What is Climate Financing that India demands from rich nations

27 COP of UNFCC is going to held in Egypt from November 6 to 18. India calls rich countries to fund $100 billion in annual climate finance for developing nation. Climate Financing helps poor and less developed countries to fund for environment-friendly projects.

04 Nov 2022

'Climate chaos': UN chief Guterres urges global leaders to cut emissions

UN Secretary-General Antonio Guterres warned that the planet is heading toward irreversible “climate chaos” The UN chief urged global leaders at the upcoming climate summit in Egypt to put the world back on track to cut emissions He also urged them to keep promises on climate financing and help developing countries speed their transition to renewable energy

26 Sep 2015

ADB to double annual climate financing to $6 billion

The Asian Development Bank is to double its annual lending for climate change adaptation to USD 6 billion by 2020, the Philippines-based lender said.

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