India's Budget Must Bridge Climate Finance Gaps to Combat Climate Change
2025-01-30
The Financial Express
As India navigates the challenges of climate change, a recent Reserve Bank of India report highlights the need for substantial climate finance investments. With an estimated cumulative cost of Rs 85.6 lakh crore required for climate change adaptation, allocating 2.5% of the GDP to green finance is crucial. This significant investment will enable the country to transition towards a more sustainable future, driving economic growth while reducing carbon emissions and promoting sustainable development. Key climate finance initiatives will be essential in addressing these gaps.
