Transition bonds: Will it help transform India into a climate-resilient economy?

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Climate finance continues to be a critical issue in climate change negotiations. Building climate resilient economies will require significant investments in most sectors. As per the Organisation for Economic Cooperation and Development (OECD), investment of around USD 6 trillion per year by 2030 will be required in the infrastructure sector alone to make it aligned with Paris Agreement. Since these figures are only expected to rise in future, it will be critical to see if the intense discussions and commitments by nations towards financial support for developing countries to help them transition into low-carbon economies will bear satisfactory results in limiting the global average temperature rise below 1.5 °C from pre-industrial levels.

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