Ministry of Finance Brings Out Discussion Paper Offering Comprehensive Discussion On Climate Finance

Department of Economic Affairs, Ministry of Finance, Government of India has brought out a Discussion Paper titled "Climate Summit for Enhanced Action: A Financial Perspective from India" which examines various issues on climate finance comprehensively - Finance in Climate Treaties, Climate Finance Delivery-A Reality Check, the 3 Essential 'S's of Climate Finance- Scope, Scale and Speed, India's Climate Actions despite Economic Imperatives, Emergence of New "Priorities", "Ambitions" and "Externalities"- New Asks and Indian Response to Climate Emergency: Some Considerations. The Discussion Paper makes an analysis of the post Paris Agreement developments and indicates that more actions need to be taken to meet objectives of the Agreement, which in turn depends on the momentum of international climate finance, in terms of new and additional climate finance, technological and capacity building support. In essence, the 3 essential "S" s of climate finance has not been clearly translated into reality.

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