Preparing to better withstand hurricanes, floods, heat waves, droughts and wildfires will take hundreds of billions of dollars.
And then there is confronting the root cause of climate change the burning of fossil fuels like coal, gas and oil by transitioning to clean energies like wind and solar.
That will take trillions of dollars.
Enter climate finance, a term for how to pay for projects to adapt to and combat the cause of climate change. It's especially important for developing countries, which don't have the same resources or access to credit that rich countries do.
International megabanks, funded by taxpayer dollars, are the biggest, fastest-growing source of climate finance for the developing world. Called multilateral development banks because they get contributions from various countries, there are only a handful of these banks in the world, the World Bank the largest among them.
Esta historia es de la edición November 11, 2024 de The Statesman.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 11, 2024 de The Statesman.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
At UN Climate Talks, Nations Big And Small Get Chance To Bear Witness To Climate Change
More than two dozen world leaders are delivering remarks at the United Nations' annual climate conference Wednesday, with many hard-hit nations detailing their nations' firsthand experience with the catastrophic weather that has come with climate change.
Birbhum ZP sabhadhipati Kajal Sheikh's security upgraded further
Within a month, security of Kajal Sheikh, sabhadhipati of Birbhum zilla parishad and a member of Birbhum district core committee, has been reviewed twice.
4 children suffer burn injuries in Kanksha
Three children received severe burn injuries on Rice Mill Road under Kanksha po lice station of West Burdwan while they were playing inside an abandoned vehicle.
TMC accuses ISF of setting on fire party office in Bhangar
Some unknown miscreants allegedly backed by Indian Secular Front (ISF) set fire to a party office of ruling Trinamul Congress at Chaltaberia in Bhangar of South 24 Parganas district at a time, when activists of the two parties got involved in a clash during bypolls in Haroa Assembly constituency in North 24 Parganas on Wednesday.
Climate Reckoning
India's climate crisis is no longer a distant threat; it's an urgent, daily reality.
Climate challenges
SIR, As the annual UN climate summit COP29 gathers in Baku, Azerbaijan, it faces a forbidding future.
Lady Justice
The symbolism marks an enlightened vision for India's judiciary. Yet, this gesture contrasts with the pressing challenges within the system, especially the vast backlog of cases. As of January 2024, the Supreme Court alone has over 80,000 pending cases, and more than 58 lakh cases are stuck across various high courts, with some dating back over 30 years. The delays disproportionately affect marginalized communities, often forcing them through a drawn-out, costly legal process
Sales of passenger vehicles stabilis in Oct, 2-Wjumps 14 per cent: Data
In October, amid the festival season, sales of the passenger vehicles (PVs) stabilised and saw a flat 0.9 per cent rise, while the two-wheeler segment witnessed over 14 per cent jump.
LIC reports 3.51 per cent growth in profit after tax for H1 FY 2024
The Board of Directors of Life Insurance Corporation of India (LIC) has approved and adopted the standalone and consolidated financial results for the six months ending 30 September.
GAIL director (finance) Rakesh Kumar Jain honoured as one of top 50 visionary CFOs
Mr. Rakesh Kumar Jain, Director (Finance), GAIL (India) Limited has been honoured as “Top 50 Visionary CFO in India” at the National Economic Growth Summit 2024 organised here by Bharat 24 News.