India's Budget Must Bridge Climate Finance Gaps to Meet Growing Demands
2025-01-30
The Financial Express
As India navigates the challenges of climate change, a recent Reserve Bank of India report highlights the necessity of allocating a significant portion of the country's GDP to green finance. With an estimated cumulative cost of Rs 85.6 lakh crore required for climate change adaptation, the government must prioritize climate finance in the upcoming budget to ensure a sustainable future. This will not only support environmental conservation but also drive economic growth through investments in renewable energy and sustainable infrastructure, ultimately contributing to a low-carbon economy and promoting climate resilience.
