Thematic track 4 – Financing Climate Action
All countries need to reduce their emissions and adapt to climate change. But many developing nations lack the resources and the technology to do so, international conventions such as the Kyoto Protocol and the Paris Agreement call for financial assistance from Parties with more financial resources to those that are less endowed and more vulnerable. Climate finance is needed for mitigation, because large-scale investments are required to significantly reduce emissions since the contribution of countries to climate change and their capacity to prevent it and cope with its consequences vary enormously. Hence this session will look into the various options available for India in financing the transition to clean energy, role of private players, corporate investors and mechanisms that can be reinforced into existing policy framework for climate change.