SEOUL – Trillions of dollars in “green finance” – that is, low-carbon, resource-efficient investment – are needed annually to prevent climate change and natural constraints from stalling the global economy and threatening the livelihoods of billions of people. But investors remain resolutely brown and dirty, unwilling to bet on a sustainable future. Now, given an […]

NEW DELHI: Stating that environmental degradation is costing 5.7 per cent of GDP annually, World Bank today said India can make green growth a reality by putting in place plans to lower environmental degradation at minimal cost of 0.02-0.04 per cent of gross domestic product. “Like in many other countries, the debate over growth versus environment is also active in India. […]

Climate mitigation and adaptation funds worth US$ 600 billion could be raised by targeting monies paid to the coal, oil and gas sectors Long Term Climate Finance (LTF) talks under the UN will continue throughout the summer and autumn (Pic: UNFCCC) Original article from RTCC here By Ed King UN climate finance talks in Manila ended on […]