"If you are trying to be ambitious on climate action, then there has to be a simultaneous action on finance. It can't be that the developed world asks us to be ambitious on climate action and then cuts down on climate finance; that's not possible," Kant told PTI.
Kant also pointed out the need for private-sector lending to address the challenge.
"And it's not the balance sheet of the multilateral development banks. But the balance sheet of the world has to be used to actually push resources because even if you use the balance sheet of the World Bank, it will not help you," he said.
This story is from the July 24, 2023 edition of Business Standard.
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This story is from the July 24, 2023 edition of Business Standard.
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