Page 3 - Climate Finance

Climate aid to developing nations to take a hit amid global headwinds

India had proposed a loss and damage fund last year, but the COP26 final text steered clear of it

Working to implement common KYC for financial transactions: FM Sitharaman

Says developed nations haven't done their bit on climate change

G7 nations consistently breaking promises for climate finance: Report

CARE's analysis uses data reported to the United Nations Framework Convention on Climate Change (UNFCCC) to assess whether this reported climate finance is in fact "new and additional"

Is climate finance the next bubble?

Asset managers think that tens of trillions of dollars, mostly in the form of green finance, could be available for environmental, social, and governance (ESG) lending

Fragile win in Glasgow

COP26 kicks can down the road to Cairo

Climate finance isn't charity by rich: Indian environment minister at COP26

Bhupender Yadav says rich countries have an obligation, responsibility, duty and a vow to provide climate finance to developing nations

PM Narendra Modi calls for transparent finance at Biden-led COP26 event

The prime minister on Tuesday underlined the need to ensure transparent climate finance

Asian Development Bank gets $665 million for climate projects

ASEAN countries have a unique opportunity to build a green and inclusive future after the COVID-19 pandemic, ADB President Masatsugu Asakawa said

PM Modi calls for transparent finance at Biden-led COP26 event

Prime Minister Narendra Modi on Tuesday underlined the need to ensure transparent climate finance as part of important aspects in infrastructure creation during a roundtable event initiated by US President Joe Biden on the sidelines of the COP26 climate summit here. Prime Minister Modi participated in a Build Back Better for the World (B3W) roundtable, which included addresses by Biden, British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen. "The PM underlined the need to ensure 4 aspects in infrastructure creation: Climate resilience, incorporating traditional knowledge; prioritising poor & vulnerable; and sustainable & transparent finance that respects the sovereignty & territorial integrity of all countries, the Ministry of External Affairs (MEA) said with reference to the event. India has been objecting to Chinese infrastructure building in its neighbourhood under the Belt and Road Initiative (BRI). Under the BRI, China and Pakistan

BlackRock raises $673 million for climate-focused infrastructure fund

BlackRock and the fund's other backers are trying to muster more support for such emerging markets-focused initiatives at the COP26 United Nations Climate Change Conference in Glasgow

Developed nations did not meet yearly $100 bn support goal: India at COP26

Prime Minister Narendra Modi, who is also attending the crucial conference, will be addressing leaders from nearly 200 countries on November 1 and 2

Climate finance could make or break the COP26 summit. Here's why

Developed countries confirmed last week they had failed to meet a pledge made in 2009 to provide $100 billion a year in climate finance by 2020

COP26 summit: India's climate destiny depends upon negotiations in Glasgow

The country's climate negotiators at Glasgow will have to strike a balance between development needs and global pressures to do more

India ranked 9th in VC funding for climate tech globally: Report

India ranks at the ninth spot globally for climate tech investment, with the country's climate tech firms receiving USD 1 billion in venture capital funding between 2016 and 2021, according to a report released on Tuesday. Venture capital (VC) investment in climate technology companies has gone up globally since 2016, as per the report jointly prepared by international trade promotion agency London & Partners and Amsterdam-based database management company Dealroom.co. Global climate tech venture capital investment soared from USD 6.6 billion in 2016 to USD 32.3 billion in 2021, an increase in funding by almost five times, the research revealed. "2021 investment levels have already exceeded the whole of 2020 for global climate tech investment, demonstrating the importance of the global tech industry in the fight against climate change," said the report, which analyses technology companies working to reduce greenhouse gas emissions or addressing the impacts of climate change. The ..

Predictable climate finance in focus for India at COP26 summit

"Since 2017, we have had more renewable energy in the energy mix in India than fossil fuels", says Harsh Shringla, Foreign Secretary

Asian Development Bank boosts 2019-2030 climate financing goal to $100 bn

The bank also plans to boost its private sector operations to attract more private sector capital to finance new climate technologies and innovations, using $12 billion from its balance sheet

Global climate action: Indian banks need to accelerate green financing

Indian banks need to move away from financing fossil fuels projects and prioritise lending to renewable energy and other environmentally sustainable projects

Centre forms expert committee for sustainable climate finance

India has on multiple international, reiterated that the developed countries, the rich nations, must provide finance for the poor countries

G7 agrees to boost climate finance, plans to meet $100 bn a year target

But climate groups said the promise made in the summit's final communique lacked detail and the developed nations should be more ambitious in their financial commitments

India Inc and climate: Janet Yellen's voice will boom louder John Kerry's

The aim: ensure banks and insurers across the globe adhere to "climate-responsible financing", thereby making it costlier for India and China to finance their fossil fuel needs