Roadmap for Answer Writing 1. Introduction Define green financing and its significance. Fact: India needs $10 trillion to achieve net-zero emissions by 2070 (International Financial Services Centres Authority). Mention India’s climate goals and global commitments (e.g., COP26 net-zero pledge). 2. Strategies to Improve Access to ...
Governments and international organizations play a crucial role in promoting sustainable development by setting policies, providing funding, and facilitating cooperation among countries. Governments can enact laws and regulations that incentivize green technologies, sustainable resource management,Read more
Governments and international organizations play a crucial role in promoting sustainable development by setting policies, providing funding, and facilitating cooperation among countries. Governments can enact laws and regulations that incentivize green technologies, sustainable resource management, and pollution control. They can also invest in infrastructure that supports renewable energy, public transportation, and sustainable agriculture.
International organizations, like the United Nations and the World Bank, promote global sustainability goals through frameworks such as the Sustainable Development Goals (SDGs). They provide platforms for dialogue, enabling countries to share best practices, collaborate on research, and address transboundary environmental challenges. These organizations also mobilize financial resources, offering grants and loans to support sustainable projects in developing countries.
To enhance collaboration, governments and international bodies can strengthen multilateral agreements, such as the Paris Agreement on climate change, which set shared targets for emissions reductions. They can also create regional partnerships to address specific environmental issues, such as water scarcity or deforestation.
By fostering transparency, ensuring equitable resource distribution, and encouraging technology transfer, these entities can build trust and encourage collective action. Enhanced collaboration ensures that sustainable development is pursued globally, balancing economic growth with environmental protection and social equity.
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Model Answer India’s commitment to achieving net-zero emissions by 2070, announced at COP 26, necessitates a $10 trillion investment, according to the International Financial Services Centres Authority. Below are strategies India can adopt to enhance access to green finance and achieve its climate aRead more
Model Answer
India’s commitment to achieving net-zero emissions by 2070, announced at COP 26, necessitates a $10 trillion investment, according to the International Financial Services Centres Authority. Below are strategies India can adopt to enhance access to green finance and achieve its climate and sustainable development goals:
1. Develop a Conducive Policy and Regulatory Environment
2. Introduce Formal Carbon Pricing Frameworks
3. Mobilize Domestic and International Capital
4. Expand Green Finance Through Banks
5. Advocate at International Forums
Conclusion
To make green financing a cornerstone of Mission 2070, India must implement a holistic policy framework and foster strong domestic and international financial collaboration. Initiatives like carbon pricing, innovative financial instruments, and advocacy on global platforms will be pivotal in ensuring a sustainable and climate-resilient future.
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