MANILA, PHILIPPINES : The Asian Development Bank (ADB) committed a record amount of climate finance in 2023 to help its developing member countries (DMCs) in Asia and the Pacific cut greenhouse gas emissions and adapt to the impacts of a warming planet. ADB committed $9.8 billion in climate finance from its own resources last year—$5.5 […]
Climate finance tops $1 trillion in 2021, still far from 2030 target: Study – EQ
In Short : A recent study revealed that global climate finance reached a significant milestone, surpassing $1 trillion in 2021. However, the report indicated that despite this achievement, the amount falls short of the target set for 2030 to address climate-related challenges effectively. Efforts to mobilize financial resources to combat climate change remain critical, with […]
Six Funding Innovations to Boost Climate Finance – EQ Mag
Devastating floods, deadly heatwaves, and intense droughts in Asia and the Pacific over the past year confirm what scientists have been warning for years: the impacts of climate change are here and they’re getting worse. The world must urgently step up investments to help stabilize the climate and protect people and infrastructure from the worst […]
Trillions of dollars needed to adapt green technologies: Experts at WEF – EQ Mag
To reach the 2050 emissions reduction target, trillions of dollars in public and private capital are needed to adopt and scale green energy technologies, financial experts told participants in a session on climate finance at the 53rd World Economic Forum annual meeting. told. Despite the urgent need for climate finance, several barriers have hindered the […]
Minister of Environment, Forest and Climate Change Intervenes at High-Level Ministerial Dialogue on Climate Finance at COP 27 – EQ Mag Pro
Union Minister of Environment, Forest and Climate Change, Shri Bhupender Yadav intervened at a High-Level Ministerial Dialogue on Climate Finance at COP 27 today. In his intervention, he said. “Access to Finance and Technology in developing countries is a must-have if we expect to protect our earth and ourselves from apocalyptic changes. The commitment made […]
How to get green financing to take off – EQ Mag Pro
An economic return alone might not be sufficient to induce green financing. A more holistic rate of return, considering the social cost of carbon, will be appropriate Climate finance, or Green Money, remains a critical bottleneck for India in its journey towards the Net Zero 2070 objective and to create a resilient system through climate […]
Energy security and climate finance at the heart of India’s G20 presidency – EQ Mag Pro
India should use the G20 platform to enhance climate ambitions and ensure countries can access technology and finance to meet their goals. India should help countries adopt appropriate governance, strategy and risk management structures to manage climate risks. This can help in the greater flow of capital to climate adaptation and mitigation. India’s G20 Sherpa […]
Developed Nations Should Talk Less, Cooperate More On Climate Finance: Nirmala Sitharaman – EQ Mag Pro
Sitharaman said India has fulfilled all its commitments made at the COP21 climate change conference using its own funds and that the country has been moving towards the path of adopting renewable energy. Union finance minister Nirmala Sitharaman on Tuesday said developed countries should talk less and cooperate more on climate change goals as she […]
Joint EIB and European University Institute conference to explore ways to scale up climate finance
Leading experts from finance, industry, government and civil society will convene in Luxembourg Themes include the energy transition, innovation and how to make the United Nations COP27 climate conference a success Conference takes place on 9 June at 14.00 (CET) in hybrid format On 9 June 2022, the European Investment Bank (EIB), together with the EIB […]
Current pace and scale of climate finance and technology support from developed countries not match the global aspiration to combat climate change – EQ Mag Pro
Multilateralism and its rules based order should be honoured by all Reiterating India’s commitments to the ambitious targets announced by Prime Minister Shri Narendra Modi in the form of five nectar elements “Panchamrit” including the ambitious target of 500 GW of non-fossil energy at the COP 26 summit held in Glasgow in November 2021, Minister […]