Climate Finance

India and other developing nations have to be assertive to match China’s bid to push forward the Global South narrative at the climate summit

COP30: Baku to Belém — In search of climate cash

Unless there’s a fundamental change in approach, the latest roadmap on climate financing will largely remain aspirational

OPINION | India redefines global green finance amid US withdrawal

India is emerging as Asia’s green finance leader, driving climate investments, policy innovation, and renewable energy growth amid the U.S. retreat from global sustainable finance leadership

OPINION | India must not build a climate finance architecture on shifting grounds

Regulators are moving ahead with rules for climate disclosures without a firm and quantifiable taxonomy, creating overlapping definitions, credibility risk and weak signals for investors

OPINION | India’s climate disclosure regime needs careful calibration

RBI and SEBI want banks and companies to report climate risks, but messy rules and weak oversight could create expensive paperwork instead of useful information for investors

India to push for global carbon markets, climate finance in upcoming COP30: Bhupender Yadav

Union environment minister Bhupender Yadav met COP30 President Andre Correa do Lago on September 1 to discuss the agenda for the upcoming climate conference to be held in Brazil in November.

Developing countries need $584 billion annually for climate action: Indian Govt

The categorisation of climate-related outflows and financial efforts by multilateral development banks as contributions to the $300 billion goal would include contributions from developing countries, which is against the Paris Agreement, MoS Kirti Vardhan Singh told the Parliament.

India-UK Vision 2035: A 'Critical Minerals Guild', collaboration on nuclear power, carbon capture and climate finance

The India-UK Vision 2035 prepares the two countries for a 'BRISK' partnership based on Business, Research, Innovation, Science & technology, and Knowledge, the Indian government said in a statement.

India-UK trade deal to boost Indian cleantech exports amid renewable energy slump in US

The UK will also support India on green hydrogen, civil nuclear energy, and offshore wind apart from helping it finance climate action.

Climate-proof and Profitable: the hidden upside of adaptation investments in India

Adaptation isn’t just climate insurance but also a smart investment. In India, projects that bolster resilience are delivering powerful profits, showing that climate-proofing can be as lucrative as it is necessary

Bridging the climate finance gap for India’s transition

India requires $2.5 trillion for climate action by 2030. While global funding commitments fall short, mobilising private capital and regulatory reforms are crucial for bridging this gap in climate finance

Taxonomy for climate finance should be ready in 6 months: DEA secretary

Finance Minister Nirmala Sithraman in her Budget 2024-25 had announced a proposal for developing a taxonomy for climate finance.

Will Trump’s 'drill, baby, drill' send a chill down climate course?

Beyond the psychological impact, the US withdrawal from the Paris accord may not make a substantive difference to global climate action

Green Finance: Addressing misconceptions and urging immediate action

Green finance is an urgent necessity, not a distant goal. Despite misconceptions, it offers substantial economic and environmental benefits. Financial institutions must embrace comprehensive ESG strategies, assess green opportunities, and collaborate to drive sustainability, ensuring long-term growth and impact

Make the best of the climate finance deal available

India is dissatisfied with the climate finance target set at COP29 in Baku. For sure, it’s inadequate to cope with the scale of the problem, but the Global South shouldn’t spend time and resources on complaining about how the climate finance script didn’t meet their expectations

COP29: Debate mirrors rising temperatures, but climate finance ice refuses to melt

COP29 managed to disappoint every country despite a deal being signed for climate finance

New climate finance goal must be based on climate justice: India at COP29

Delivering India's national statement at the UN climate conference in Baku, Union Minister of State for Environment Kirti Vardhan Singh also criticised the restrictive trade measures imposed by some developed nations.

India’s 2030 emissions journey is going better than the rest of the world

India’s per capita emissions, at 2.9 tonnes, were half of Brazil’s 6 tonnes, nearly a fourth of China’s, and a sixth of the US’s, at 18 tonnes per person in 2023.

How to make climate investors bite the dirty-funding bait

Transition financing, if conceived properly, can help to decarbonise hard-to-abate emitters

MC Exclusive| India close to launching first-ever transition bonds; consultation paper to outline framework expected soon

The International Financial Services Centres Authority is set to release the consultation paper within the next two weeks.

Gaps in climate finance framework may provide access to new breed of predators

Climate-related finance risks are making their presence felt even as they are relatively new and unquantifiable. Regulators are alert to the risks but the steps taken so far don't go far enough 

Rich nations should provide climate finance to developing countries: Bhupender Yadav

Climate finance will be at the centre of the UN climate conference in Baku, Azerbaijan, where the world will reach the deadline to agree on the New Collective Quantified Goal (NCQG) -- the new amount developed nations must mobilise every year starting in 2025 to support climate action in developing countries.

Chart of the Day: Climate finance provided by developed nations crossed $100 billion in 2022

A substantial increase in climate finance from developed nations is an imperative in the fight against climate change

Climate Finance: The pressing need for fair, inclusive, and equitable policies

Climate financing today not only falls short of requirements but also puts developing countries at a disadvantage. Additionally, there is gap between commitments and disbursements of climate finance. The intended recipients are often unable to access or afford climate finance

Climate action: Why ESG & blended finance are not enough

The business challenge of the 21st century is finding profitable solutions to existential threats. The US$4.2 trillion we need every year to reach net zero is a huge business opportunity that few have leveraged.