Climate Finance: An Indian Perspective

Need

• Climate Change Mitigation: Climate finance is needed both to mitigate emissions and to help communities and economies adapt to the changes that are now inevitable.
• Urgency: If greenhouse gas emissions are not reduced immediately, it won’t be possible to limit warming to 1.5°C, or even 2°C, putting the world on a catastrophic path. Meanwhile, climate change is already having devastating effects on people, nature and infrastructure.
• Paucity: In the Paris Agreement, it was decided that developed countries would provide financial resources to help developing countries meet their NDCs, pay for mitigation and adaptation, and mobilize more climate finance. However, ....