Overview:
India has made a revolutionary but expensive commitment to achieve net-zero emissions by 2070. Unprecedented local and international climate finance mobilization is required to make this shift.
Dimensions of Analysis:
- For adaptation, green transportation, and renewable energy projects, India requires over $10 trillion.
- Progress is hampered by the yearly investment gap, which is more than $165 billion.
- Carbon markets and Sovereign Green Bonds are examples of early initiatives.
Obstacles
- Access to international Green Climate Funds is restricted because of complicated processes.
- Investors are discouraged by high domestic capital costs and unclear regulations.
- Institutional capability for green budgeting and oversight is lacking in states.
Path Ahead:
- Extend models of blended finance that incorporate public, private, and multilateral sources.
- Bolster SIDBI and NABARD as MSMEs’ green finance cornerstones.
- At COP platforms, promote funds for climate justice by tying aid to accountability.
In conclusion:
Funding climate action is the same as funding survival. The success or failure of India’s net-zero objective would depend on the availability of sufficient and fair climate finance.
UPSC General Studies Paper Preparation
Public Administration Optional Exam Preparation
| Topic | |
| Public Administration Syllabus | Public Administration Foundation 2025-26 |
| Public Administration Free Resources | Public Administration Crash Cum Enrichment Course 2025-26 |
About the Author: Jyoti Verma
