In an era where the pursuit of economic growth intertwines with the urgent need for environmental stewardship, the concepts of green financing and green policymaking have emerged critical in the endeavour for a sustainable future. Governments worldwide are recognizing the imperative to balance economic development with ecological responsibility, and the integration of green financing and policymaking serves as a compass in this transformative journey.
Green financing, at its core, involves the allocation of financial resources towards projects and initiatives that demonstrate environmental sustainability, contribute to climate change mitigation, and foster overall ecological well-being. Green policymaking involves the formulation and implementation of policies that prioritize environmental sustainability, address climate change challenges, and promote eco-friendly practices across various sectors considerations into our budgetary processes, recognizing that economic prosperity and ecological sustainability are not mutually exclusive but intertwined facets of a responsible government. Green budgeting finds its space in the planning, policymaking, and implementation ideologies of national and sub-national governances as it helps in optimizing the financial allocations to developmental activities with environmental concerns.
With the intent to foster a sustainable society, the global governance started transitioning from the Millennium Development Goals (MDGs) to the Sustainable Development Goals (SDGs) post 2015, the difference being that the SDGs mainstreaming environmental concerns into the development planning, while the focus until then was merely social development and well-being without much thought into the environmental aspect of development.
Denne historien er fra February 2024-utgaven av TerraGreen.
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Denne historien er fra February 2024-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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Empowering Tomorrow's Workforce The Rise of Vocational Education in India
The young population in India presents both opportunities and challenges, as the workforce needs practical skills that conventional education often lacks. Vocational education and training VET) is essential to provide job-specific expertise, bridging the gap between academic knowledge and industry demands. In this article, Amarpreet Kaur and Vidhi Rani highlight that vocational education and training serve as a cornerstone in India’s efforts to propel economic growth and empower its burgeoning workforce. Vocational education and training are a fundamental component of modern education systems, addressing a pressing need in society. The alignment of VET with the G20 objectives emphasizes its crucial role in inclusive growth, employment, and human capital development.
Eco-conscious and Sustainability-focused Brand Kheoni Paving the Way for a Greener Future
\"If you really, truly are into sustainability, you cannot operate in isolation. You need to be transparent.\" -Khayal Garg, Green Warrior
Water Sustainability Flexible approaches for managing and conserving water resources
In this article, Vijeta Thakur and Dr S K Bhardwaj discuss innovative technologies for water conservation along with urban water management solutions. They also explore policy and governance approaches regarding water conservation. Implementing Integrated Water Resource Management IWRM) helps coordinate the management of water resources across different sectors and stakeholders, balancing competing demands and ensuring sustainable use. Developing transparent and equitable water allocation systems, coupled with appropriate pricing mechanisms that reflect the true value of water, can incentivize conservation and efficient use while ensuring access for all.
Lady Banks' Rose A Lady's Shady Rose
The world may have been having an irate look towards China, cursing her for COVID-19 virus, assertions in South China Sea, and her alleged expansionist policies and so on. Whether she really deserves these insinuations may be a matter of academic discussions; there however, is no denying to the fact that the old Dragon has bestowed the world with things beautiful enough to capture anybody's attention
The Vanishing Bristled Grassbird
In this article, Dr Surya Prakash tells us about the bristled grassbird, known scientifically as Chaetornis striatus. Endemic to the Indian subcontinent, the bristled grassbird finds itself perilously perched on the brink of endangerment, classified as a‘Vulnerable Species’ by the IUCN since 2010. The relentless decline in its population can be attributed primarily to habitat loss. Keep reading to know more...
Embracing Climate Disclosure Governance India's Banking Sector's Resilient Step
With the introduction of the Disclosure Framework on Climate-related Financial Risks 2024)’ by RBI, it is quite apparent that the banking sector is continuously striving towards sustainability and climate sensitization. The new framework evolves the narrative, acknowledging the inevitability of climate change affecting these entities and, consequently, the broader financial stability. The framework not only acts as a means to inform the various stakeholders about climate-related issues but also to develop a narrative of financial resilience in the face of unprecedented challenges related to climate risks. Naman Mishra and Dr Megha Jain say that the framework is built upon four main pillars—Governance, Strategy, Risk Management, and Metrics Targets. Keep reading to know more...
India's Carbon Market On the Verge of Reality
In this article, Yukta Anand and Prof. Asheesh Pandey throw light on carbon market, which is soon going to be a reality for India.
Water Equation India and the Nordics
The Nordic countries, known for their commitment to sustainable development and environmental protection, offer invaluable knowledge and technologies to improve water management practices. From state-of-the-art water purification systems to sustainable irrigation techniques, Nordic expertise provides crucial tools to mitigate the effects of climate change on water resources. In this thought-provoking article, Biba Jasmine discusses that by utilizing the expertise and cutting-edge technologies from the Nordic region, Indian industries can enhance their water management systems, reduce pollution, and increase resource efficiency.
Charging towards Sustainability The Circular Revolution of EV Battery Recycling
Ankit Sharma is the Co-Founder & Director, Vidyuta Materials Pvt. Ltd., which stands at the forefront of innovation in the energy storage industry, pioneering the manufacturing of cutting-edge battery materials for the batteries used in energy storage systems (ESS), electric vehicles (EVS), mobiles, laptops, etc.
The Magic of Traditional Indian Barbeque Strengthening local economy and sustainability
Manu Shrivastava's article highlights the traditional dishes of South Gujarat and Maharashtra's Konkan region-ubadiyu, undhiyu, and popti.
