“The committee recommends that the ministry may include new and...
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StanChart raises 1 bn euro via first social bond, commits 50% for India
The 8-year bond will primarily facilitate lending to small and...
RBI Gov urges common pool of climate-focused projects to enhance financing
Sanjay Malhotra, Governor,RBI Speaking at a Reserve Bank Of India...
Developing countries, China seek ‘loss and damage’ fund – draft proposal
The subject of loss and damage has for the first time been included on the official COP agenda. But developed and developing nations are split over whether a new mechanism is needed or whether existing financial institutions can deliver the cash needed. The G77 bloc...
At 8th spot, India ranks high on list for climate protection: report
China, which is the world's biggest polluter now, fell 13 places to 51st in this year's CCPI and received an overall very-low rating due to plans for new coal-fired power plants New Delhi: India climbed two spots to rank eighth out of 63 in the Climate Change...
India submits long-term strategy to achieve net-zero target by 2070
Bhupender Yadav,Union Environment Minister India's approach to low-carbon development is based on four key considerations -- low historic contribution to global warming, energy needs for development, commitment to low-carbon growth according to national circumstances...
Climate justice gets harder as world population passes 8 billion
These are also among the countries most vulnerable to climate impacts, and most in need of climate finance. In sub-Saharan Africa, where some 738 million people already live without adequate food supplies, the population is projected to jump by 95% by mid-century,...
Microfin industry needs $100 bn to promote green livelihood: Jayant Sinha
Jayant Sinha,Chairman,, Parliamentary Committee on Finance ''Out of the 500 million workforce in India, 400 million are in the informal sector. This informal sector workforce is those who hugely benefit from the microfinance sector.The task in hand for the...
Long-term goal of Paris Agreement requires phase down of all fossil fuels: India at COP27
“Natural gas and oil also lead to emission of greenhouse gases. Making only one fuel the villain is not right,” a source in the Indian delegation attending the climate talks told PTI. . New Delhi: As negotiators from 194 parties started working out a draft cover text...
African insurers take up climate change fight with $14 bln pledge
The newly created African Climate Risk Facility(ACRF) will provide protection for 1.4 billion people against floods, droughts and tropical cyclones by providing $14 billion of climate risk insurance by 2030 to African sovereigns, cities, humanitarian organizations and...
COP27: Regulators plan closer scrutiny of carbon markets
The International Organization of Securities Commissions (IOSCO), which groups securities regulators from across the world, made recommendations to improve ‘compliance’ carbon markets, and asked whether regulators should be more involved in ‘voluntary’ carbon...
Explainer: COP27: How climate change impacts countries around the world
Countries with territory in the Himalayan mountains or its foothills, including China, India, Nepal and Pakistan, could face sudden flooding events, the report said. As the ice melts, water can pool behind rocky ridges to form lakes. And when those rocks give way,...
FinMin finalizes framework for sovereign green bonds
These rupee-denominated papers will have long tenure to suit the requirement of green infrastructure projects. New Delhi: The Finance Ministry has finalized the framework to issue sovereign green bonds in line with global standards, according to sources. The...