Climate Finance

Funding is also needed for the International Monetary Fund, the Asian Development Bank, even the private sector, to preserve biodiversity

She emphasised the country's belief that the recommendations of the expert panel on the MDB's capital adequacy frameworks can significantly unlock development financing

The G-20 members stressed on the need to increase climate finance to help farmers take up adaptation measures in order to mitigate the climate change impact on the farm sector, agriculture secretary Manoj Ahuja said on Wednesday. Addressing media on the concluding day of the G20 first Agriculture Deputies' Meeting here, Ahuja said: "Climate finance was one of the issues which was discussed. The members felt that there was a need for an environment for increasing climate financing in terms of financing farmers for adaptation measures." The member countries also suggested that farmers can be incentivised if they are adopting climate friendly farming or green agriculture. One of the ways was carbon credit, he said. The G20 nations also shared their experience on the impact of climate change in agriculture, he added. Climate smart agriculture was one of the four priority areas discussed in the first Agriculture Deputies Meeting. The secretary said: "There was also discussion on the im

Given "the overall scale of our industrial economy, we're going to have to do mind-blowing work to stay below 2 degrees," he said

Montreal deal also aims to provide critical financing to developing world; draft calls for raising $200 billion by 2030 for biodiversity, with a plan that could provide another $500 billion

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Throwing light on the recent crypto meltdown, she said it was clear that internationally agreed standards of regulations had become necessary

The Group of Seven leading economies have created an open, international climate club for countries that want to cooperate in the fight against global warming, German Chancellor Olaf Scholz said Monday after a video conference with other G-7 leaders. Germany holds the presidency of the G-7 until the end of the year and then passes it on to Japan. Scholz said the new forum group is not intended to be a G-7 initiative; rather, it is to be a global undertaking. "With the climate club and the socially just transition of our industries toward climate neutrality, we are making an important contribution to achieving global climate targets," the chancellor said. The climate club aims to support the rapid and ambitious implementation of the Paris Agreement, which seeks to limit global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit), according to the German government. Monday was the seventh anniversary of accord's adoption. The club will work to help accelerate the industrial ...

State govt has set up the Tamil Nadu Governing Council on Climate Change, the first such to be headed by a CM

But what if there was an overlooked digital currency that could help to solve the climate crisis, rather than just doing less to exacerbate it?

At the first meeting of the G20 Sherpas, India on Monday proposed dovetailing climate action with sustainable development, making a clear bid to bring issues facing the emerging economies and the global south in sharp focus on the world stage. The discussions on Monday focussed on technological transformation in the digital economy, health and education, green development and India's Lifestyle for Environment (LiFE) initiative. Initiating the discussions, India's G20 Sherpa Amitabh Kant made a strong pitch for working together through hope, harmony and healing to deal with the global challenges, with a focus on developing countries and the global south whose voice is often unheard. At least two officials said the meetings were held in a cordial atmosphere with no direct reference to the ongoing Ukraine conflict. "References to Ukraine were mostly in the context of its impact on global supply chains, high energy costs, and food security," a senior official said. On Sunday, Kant fla

The mangrove ecosystem offers economic benefits besides safeguarding the country's vast coastline

Talking about yesterday's event on sustainable development goals in the era of multiple crises, the G20 Sherpa added the session focused on women's leadership and climate finance

The report also suggests adopting climate-responsive cooling techniques in both private- and government-funded constructions

What is climate finance?

Every year, leaders from over 200 nations come under one roof and debate to find out how much the developed nations will contribute towards the climate fund. But what exactly is this fund?

Agreement on financing one of the most significant steps in UN climate talks in 30 years

COP27 loss and damage fund: Is India a net loser?

The recently-concluded Cop 27 relegated realistic climate goals to back seat, and put several developing countries in a tight spot. Will India gain from the newly-established 'Loss and Damage' fund?

Climate tech start-ups traditionally require longer gestation periods due to which the sector has not generated strong commercial returns recently

To this end, the COP27 Presidency, with the support of UN-Habitat, convened the first-ever Ministerial Meeting on Urbanization and Climate Change at a UN Climate Change Conference of Parties (COP)

The minister said that India is committed to both domestic action and multilateral cooperation on climate change