2021 was a critical year for global climate diplomacy in decades. In the backdrop of rising incidences of natural calamities and the UNFCCC’s revised NDC synthesis report highlighting the inadequacies of Nationally Determined Contributions (NDCs) to achieve Paris Agreement goals, COP26 was a chance for political leaders to acknowledge the climate emergency more purposefully and ratchet up their climate ambitions through bolder climate goals.
Among the range of key decisions agreed upon, which are now part of the Glasgow Climate Pact, climate finance remained as one of the key focuses and a long-pending ask by the developing countries from their developed counterparts.
Climate finance, as we know, will unlock opportunities and enable technology and knowledge transfer from the developed to the developing countries, which need capacity and resources to fight climate change at the pace the world demands today.
While India announced a set of more ambitious emission reduction targets and joined the global bandwagon by announcing a net-zero goal by 2070, it is now important to demystify climate finance in the context of subnational climate action and regional priorities.
Reflections from COP26: What does climate finance mean for Indian states?
Denne historien er fra March 2022 WSDS Special Issue: Towards A Resilient Planet (Ensuring A Sustainable And Equitable Future)-utgaven av TerraGreen.
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Denne historien er fra March 2022 WSDS Special Issue: Towards A Resilient Planet (Ensuring A Sustainable And Equitable Future)-utgaven av TerraGreen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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