IFC has appointed Hector Gomez Ang as Regional Director for South Asia. Based in New Delhi, he will play a critical role in boosting IFC’s investments in the region, as it looks to recover from the severe impacts of COVID-19. In taking on the new role, Gomez Ang said the private sector had an essential […]
Climate finance of USD 100 billion a year and green technologies for mitigation actions promised in 2009 under the Paris agreement are still “not on the table” for developing countries, Environment Minister Prakash Javadekar said in Parliament on Monday. At the 15th Conference of Parties (COP15) of the United Nations Framework Convention on Climate Change […]
New Zealand’s overseas climate finance is a lifeline to many of the world’s poorest countries and communities on the frontlines of climate change, but the level of funding provided until now falls far below what is needed to meet our international obligations, according to Oxfam figures published today. Oxfam’s new report Standing With The Frontlines, released […]
India and Germany on Wednesday agreed to provide financial support to climate conservation projects aimed at reducing greenhouse gas emissions, promoting renewable energies and sustainable forest management in India. Addressing the third Indo-German Environment Forum in New Delhi, German Federal Minister for Environment, Nature Conservation and Nuclear Safety, Svenja Schulze said, “India is an important […]
Climate change could adversely affect farmers income by up to 20-25 per cent in the medium term, the Economic Survey warned and suggested the need for “dramatic” improvement in irrigation, use of new technologies and better targeting of power and fertiliser subsidies. The government has also been recommended to take “radical follow-up action” to achieve its objective of addressing agricultural stress […]
The European Investment Bank (EIB) and the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) GmbH on Wednesday announced stepping up their cooperation in climate change mitigation. EIB President Werner Hoyer and GIZ Management Board’s chair Tanja Gonner underscored their commitment in an agreement signed here. Although climate change mitigation and renewable energy projects take centre stage, […]
Developing countries can meet climate targets promised in the landmark Paris Agreement by catalyzing trillions of dollars in private investments through a combination of smart policy reforms and innovative business models, according to a new report by IFC, a member of the World Bank Group. The report identifies seven industry sectors that can make a […]
