Business Standard India is yet to create a common framework for evaluating risks due to climate change and a systematic methodology for ascertaining the extent to which development programmes address […]
Daily Latest News India urgently needs significant investment in climate adaptation efforts to sustain development progress. India recognizes the importance of climate change impacts on development and growth and places […]
India Environment Portal India urgently requires substantial investment in climate adaptation efforts to sustain progress on development. Recognizing the criticality of the impact of climate change for development and growth, […]
The Times of India Climate Policy Initiatives (CPI) India’s Center for Sustainable Finance (CSF) has unveiled its latest report titled ‘Financing Adaptation in India’, emphasising the urgent need for increased […]
LatestLY New Delhi, Feb 21 (PTI) India is yet to create a common framework for evaluating risks due to climate change and a systemic methodology for ascertaining the extent to which development […]
India faces heightened vulnerability to climate change repercussions, given its diverse geography and socio-economic conditions. The adverse impacts are already impacting the economy, potentially pushing an additional 50 million people below the poverty line by 2040. Urgent investment in climate adaptation is imperative for sustained development. Despite commendable government efforts, substantial funding gaps persist at both national and state levels. This report assesses India’s adaptation approach, scrutinizes the policy landscape, evaluates state-level investment needs, and explores avenues to bridge funding gaps through public and private finance
Climate-related financial risks refer to those arising from climate change impacts or efforts to mitigate climate change. Understanding and managing these risks could help prevent or reduce a fall in financial asset values, support in pricing risk premia and preserve the resilience of the financial system.
Climate change has far-reaching social and economic impacts, necessitating urgent and immediate action from various stakeholders including governments, corporates, financial regulator, and proactive action from financial institutions (FIs).
In the last few years, the momentum in the sector has built up to acknowledge that capital needs to shift to low-carbon activities. With regulatory and policy support, this has led to an increasing focus on channelling financial flows to climate action.
At the same time, there is an acknowledgement that risks posed by climate change to the economy could threaten the stability of the financial sector. Thus, FIs need to measure and manage these risks.
This brief explains some of the main ways in which FIs are responding to and participating in climate action.
Climate finance that aims to reduce greenhouse gas emissions is called ‘mitigation finance,’ and comprises 95% of all climate finance. As global temperatures rise, finance is also required to address the impacts of climate change, called ‘adaptation finance’. Currently, 98% of all adaptation finance comes from public sources.
This brief introduces the sources and uses of public adaptation finance, particularly in the context of India.
Climate change Climate change is a global problem and requires all countries to take effective, concerted, and collective action. In the early 1990s, countries joined the first international treaty, the […]