Climate change challenge

Funds mobilised are inadequate

The increasing frequency of extreme weather events and the intensity of heat waves in much of India is a reminder of rapid shifts in climate and its potential consequences for a country like India. While India is investing to increase the share of renewable energy in its energy mix, the problem of climate change cannot be addressed by individual developing countries. Notably, developed countries have committed themselves to providing financial support to developing ones. In this context, a new report by the Organisation for Economic Co-operation and Development highlights that after years of failing to meet climate-finance commitments, developed countries