Results for: Green Finance

A groundbreaking analysis has revealed that nature degradation could result in a 12% loss to the UK’s gross domestic product (GDP) by 2030. The assessment, led by the Green Finance Institute (GFI), highlights the detrimental impact of ecosystem deterioration on the economy and financial sector. Nature-related risks, including soil health decline, air pollution, biodiversity loss, and water scarcity, could lead to an economic growth slowdown of up to 3% of GDP. Event-driven shocks like floods or pandemics could further increase GDP loss to 12%, comparable to the impact of the financial crisis of 2008 or the Covid-19 pandemic. The report emphasizes the need for swift action from governments, central banks, regulators, and the financial sector to proactively manage nature-related risks and protect the natural environment, which is vital for economic security and long-term prosperity.

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.