Abstract
The top risks in the world are climate induced states the World Economic Forum report. Climate Finance (CF) plays an imperative role in reducing and altering on the impacts of climate resilience in developing countries. This chapter on CF is based on review of secondary sources such as journal articles, policy documents and reports, among others. International summits like the Kyoto Convention (1997) and the Paris Agreement (2015) have paved the way for a global fight against climate change; wherein, the developed countries have contributed funds to mitigate the effects of climate change and adopt a climate resilient development themselves. Bulk of India’s climate finance comes from public budget. To meet India’s NDC targets and keep within 1.5 °C temperature, the private sectors of this country must do their fair share by contributing or generating funds. Climate insurance as an instrument of climate financing needs to be explored but with caution.
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Notes
- 1.
Germanwatch is an independent development and environmental organisation which work for sustainable global development. It is based in Bonn and Berlin (Germany). https://timesofindia.indiatimes.com/home/environment/global-warming/india-ranks-5th-in-global-climate-risk-index/articleshow/72367505.cms
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Padhan, N., Islary, M., Gupta, A.K. (2022). Climate Finance at International and National Level: Needs, Drivers and Sources. In: Goyal, M.K., Gupta, A.K., Gupta, A. (eds) Hydro-Meteorological Extremes and Disasters. Disaster Resilience and Green Growth. Springer, Singapore. https://doi.org/10.1007/978-981-19-0725-8_3
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