17/06/2021 - Indian Economy

Please review mam/sir

KEY POINTS

·        India is a signatory of and strong advocate for the United Nations Framework Convention on Climate Change (UNFCCC), under the Paris convention.

·        The International Energy Agency (IEA) estimates that India will need to invest $1.4 trillion over the next 20 years in the process.

·        Green financing requires finding the right capital willing to take risks of failure.

·        The recent change in political priorities towards climate change around the world means that funds like the GCF could see renewed large inflows

·        Similarly, the Global Environment Facility (GEF), set up by 40 donor countries, including the US, the UK, Germany, France and Australia, has so far funded 78 projects worth $570 million in grants and $4.8 billion through co-financing in India.

·        As countries move towards net zero, they will hit binding constraints on the carbon that companies (or consumers) in such countries can emit.

·        The total carbon-equivalent emissions in the world are about 50 billion tonnes a year.

·        Global agreements like the Kyoto Protocol need to be put in place to get this market moving.

·        Policy innovation is required in (1) identifying technologies that work for India and nurturing these into viable businesses, (2) executing fair and just transition plans for impacted people and industries, and (3) enabling new instruments and sources of capital.

kindly review and provide suggestions sir/mam

Kindly Correct Sir. Thank you

Kindly, make a review sir/ ma'am . Thank you .