The World Bank Group recently announced a significant increase in its climate finance efforts. During the fiscal year 2024, the bank provided a record $42.6 billion for climate-related projects, surpassingContinue Reading
Finance Minister Nirmala Sitharaman announced a new initiative in the 2024-25 Union Budget: a climate finance taxonomy. This system categorizes sustainable investments, like green bonds, guiding investors towards impactful climateContinue Reading
This week, the International Court of Justice (ICJ) initiated hearings to assess the legal responsibilities of nations in addressing climate change. These proceedings will examine the obligations of countries toContinue Reading
India faces a significant challenge: underinvestment in climate adaptation. A new report by Climake highlights this stark contrast. While climate mitigation has attracted substantial private investment – $4.7 billion inContinue Reading
India’s National Bank for Agriculture and Rural Development (NABARD) has made a significant leap towards a greener future with the launch of its Climate Strategy 2030. This comprehensive plan unveiledContinue Reading
As various regions of the world face climate change-related problems like floods and droughts, the issue of dealing with the consequences of global warming, known as “loss and damage,” isContinue Reading
Blended finance combines concessional funds from sources like governments or philanthropic organizations with funds from development finance institutions like the International Finance Corporation (IFC). This approach can attract private sectorContinue Reading
Burning coal produces a large amount of carbon emissions, and so countries such as Japan and South Korea have previously said they will stop funding overseas coal power projects. ChinaContinue Reading
