Developed world ditching climate efforts but India in mission mode: Survey

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Developed world ditching climate efforts but India in mission mode: Survey - Business Standard

Quick Summary:

Given the financing needs, estimated at $2.5 trillion (at 2014-15 prices) for meeting the Nationally Determined Contribution (NDC) targets till 2030, access to finance and technology at a reasonable cost is needed," it said.

This includes from the developed countries, as mandated by existing global agreements on climate change such as the United Nations Framework Convention on Climate Change (UNFCCC) and the 2015 Paris Agreement.

The Survey noted a recent report by the International Finance Corporation which recognises India’s efforts to achieve committed climate actions.