Page 8 - Climate Finance

India ranked 9th in VC funding for climate tech globally: Report

India ranks at the ninth spot globally for climate tech investment, with the country's climate tech firms receiving USD 1 billion in venture capital funding between 2016 and 2021, according to a report released on Tuesday. Venture capital (VC) investment in climate technology companies has gone up globally since 2016, as per the report jointly prepared by international trade promotion agency London & Partners and Amsterdam-based database management company Dealroom.co. Global climate tech venture capital investment soared from USD 6.6 billion in 2016 to USD 32.3 billion in 2021, an increase in funding by almost five times, the research revealed. "2021 investment levels have already exceeded the whole of 2020 for global climate tech investment, demonstrating the importance of the global tech industry in the fight against climate change," said the report, which analyses technology companies working to reduce greenhouse gas emissions or addressing the impacts of climate change. The ..

Predictable climate finance in focus for India at COP26 summit

"Since 2017, we have had more renewable energy in the energy mix in India than fossil fuels", says Harsh Shringla, Foreign Secretary

Asian Development Bank boosts 2019-2030 climate financing goal to $100 bn

The bank also plans to boost its private sector operations to attract more private sector capital to finance new climate technologies and innovations, using $12 billion from its balance sheet

Global climate action: Indian banks need to accelerate green financing

Indian banks need to move away from financing fossil fuels projects and prioritise lending to renewable energy and other environmentally sustainable projects

Centre forms expert committee for sustainable climate finance

India has on multiple international, reiterated that the developed countries, the rich nations, must provide finance for the poor countries

G7 agrees to boost climate finance, plans to meet $100 bn a year target

But climate groups said the promise made in the summit's final communique lacked detail and the developed nations should be more ambitious in their financial commitments

India Inc and climate: Janet Yellen's voice will boom louder John Kerry's

The aim: ensure banks and insurers across the globe adhere to "climate-responsible financing", thereby making it costlier for India and China to finance their fossil fuel needs

Access to climate finance critical for development and recovery: ADB

The Asian Development Bank has called access to climate finance a key priority for Asia and the Pacific as governments design and implement a green and resilient recovery from the coronavirus

Achieve $100 bn climate finance goal for developing nations: Report

This will be imperative to drive strong and sustainable recovery packages, ambitious climate action plans, and accelerated progress

Climate finance: Myth vs reality

Understanding the realities of climate finance is key to agreement on strategies to combat global warming

Adequate climate finance an overriding concern: India

India is taking ambitious adaptation and mitigation actions by increasing energy efficiency and making greater use of renewables, says Anil Madhav Dave