MDBs Pledge $120B Climate Finance
Multilateral development banks (MDBs) have pledged $120 billion in climate finance for countries to achieve climate outcomes
Climate finance Target: Real or Hogwash?
India is advocating for a $1 trillion annual climate finance target at the Azerbaijan United Nations Climate Change Conference or COP29
IFC’s $400 Million Support to Bajaj Finance Fund Raising Initiative
The funding for Bajaj Finance aims to support women-owned microenterprises, improve access to climate finance for EVs and EECG, promote financial inclusion
$78 T Needed to Achieve Net-Zero and 1.5 C Warming
A new report says that decisive action is needed to achieve net-zero by 2050, as world is currently on path for 2.5˚C to 3˚C global warming
5 Statements UN Climate Secretary Made to Step Up Climate Finance
The UN Climate Secretary made pertinent observations about the co-relation between climate finance and climate action. These 5 statements sum up his sentiments.
Vivriti Capital Secures $25 Million from ADB for Climate Finance
Vivriti Capital will use atleast 30 percent of the funds for EV financing, including charging stations and battery swapping stations.
Climate Financing Start-up Raises $6.3 M
Climate financing start-up Two Point O Capital has raised $6.3 million in a seed funding round led by Omnivore.
India Working on International Cooperation to Empower Global South
India is prioritizing international cooperation and is assessing its financial requirements at COP29 to set quantifiable goals.
COP 29 President Sets 14-Point Action Agenda
The COP 29 President has announced a 14-point action agenda to accelerate climate action and supplement the formal negotiated agenda
Sovereign Green Bonds May be Traded at IFSC
The Indian government introduced sovereign Green Bonds in FY 23 to mobilize funds for sustainable public sector projects.
COP29: Hope for Climate Mitigation and Climate Fund
Climate incidents have played global havoc. The loss and damage are yet to be established. All eyes are now on COP29
India to Develop Taxonomy for Climate Finance
The GoI plans create a taxonomy for climate finance to increase the availability of funding for climate change adaptation
BRICS Environment Ministers Review Progress
BRICS countries must maintain close multilateral ties, to uphold equity and CBDR-RC values, and adopt sustainable lifestyles
G7 Agrees to Coal Phase-Out
The G7 decision is a crucial step towards the coal phase-out of polluting fuel from energy generation, based on consensus among major forces
SIDBI Secures $120 M Green Climate Fund Project
The green climate fund will contribute to the adaptation, mitigation, and strengthening of resilience in economically vulnerable sectors
Four government initiatives in sustainable energy sector this week
Despite initial concerns about the hurdles in sustainable energy, India’s 2070 net-zero goal is gaining traction due to recent policy actions
COP28: A Mixed Bag
The story on fossil fuels in COP28 was a mixed bag, with the damage and loss promised to appease proponents of climate action.
COP28: Navigating the complexities
While COP28 is themed around four key subjects ranging from technology to climate finance, the world leaders would face more challenges
Sustainability Important to Make Investment Decisions
94 % of investors in a recent PWC survey said that corporate reporting on sustainability performance contains unsupported claims
Indian G20 Presidency to Align Climate Action Outcomes with COP28
The sessions are aimed to connect the outcomes and insights of the Indian G20 Presidency on climate action to the COP28 agenda
India, Japan Boost Climate Finance for Environmental Sustainability
India and Japan have launched a $600 million fund to promote low-carbon emission projects and environmental sustainability
Sajjan Jindal suggests four measures to mitigate climate risks
Outlining the four measures revolve around clean energy, climate finance, equitable distribution and circular economy, Mr Jindal called for global collaboration to meet Net Zero targets.
COP28 Unveils Innovative Global Accountability and Inclusivity Program
COP28 UAE, will concentrate its efforts on advancing a just, orderly and equitable energy transition; fixing climate finance; putting nature, lives and livelihoods at the heart of climate action; and mobilizing for the most inclusive COP.
Maharashtra sets up panel to accelerate climate action
The Maharashtra government has set up a panel to monitor implementation of the Maharashtra State Action Plan for Climate Change (MSAPCC).
Global leaders emphasise the need for sustainable finance at WSDS
Global leaders at the recently concluded World Sustainable Development Summit (WSDS) emphasised the need for sustainable finance to fuel green growth. The speakers emphasised the lack of new instruments to facilitate long-term lending to fuel green growth, particularly in emerging economies and least-developed countries. Among the speakers, here’s a round-up of what six key global