Green Finance Flows Insufficient to Meet India’s Climate Goals: NABARD Unveils Climate Strategy 2030

NABARD’s Climate Strategy 2030 aims to address the need for increased green financing in India. Despite the country’s significant financial requirements, current inflows are insufficient. The strategy focuses on accelerating green lending, market-making, internal green transformation, and resource mobilization. Leading real estate developers, such as DLF and Signature Global, have pledged their commitment to sustainable development. They have implemented practices that reduce water consumption, preserve greenery, and prioritize energy efficiency. Remsons Industries has received a Gold Medal in the Ecovadis Sustainability Assessment for its environmental, social, and governance excellence.

Asia Battles Extreme Climate Disasters in 2023

Asia faced the brunt of climate change in 2023, with 79 extreme climate disasters impacting over 9 million people. The report from the World Meteorological Organization highlights rising temperatures and sea levels, which are already affecting societies and economies. The region saw record-breaking heatwaves, floods, and landslides, resulting in over 2,000 fatalities. India was particularly affected by heatwaves, while the North Indian Ocean experienced above-average tropical cyclone activity. The report also raises concerns about the gap between climate projections and Asia’s ability to adapt and mitigate these impacts.

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