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. Introduction Media reports have claimed that developed countries are inching closer to the target of providing $100 billion annually in climate finance to developing countries by 2025 (the original… 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. Context Currently, India is moving ahead of its target of reducing… Continue reading Financing India’s green future