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 ...
Despite the advancement that has been made in India towards attainment of the millennium development goal two of ending poverty, income and wealth have remainedMENU a major concern in the county. This is evident in several key areas: -Income Inequality: It noted, for instance, that the ratio of earnRead more
Despite the advancement that has been made in India towards attainment of the millennium development goal two of ending poverty, income and wealth have remainedMENU a major concern in the county. This is evident in several key areas:
-Income Inequality: It noted, for instance, that the ratio of earnings between those at the top and bottom of the income distribution has been increasing. While the median of the income is held by the 1% of the total people in the country, half of the population remains deprived of most opportunities and resources available in the nation.
-Wealth Inequality: Income inequality is far worse than wealth concentration because it is easier to achieve the latter because only a few people possess large sums of money. Much of the wealth in the country resides in the hands of a relatively few people and families.
-Rural-Urban Divide: The rural and urban population contrasts clearly, but the poor provide little access to education, health care, and employment.
-Gender Inequality: The ranks of women remain vulnerable to low wages, unemployment and lack of access toyas, and access to resources.
-Caste-Based Inequality: Nonetheless, caste discrimination is still exhibited in the country hence affecting education, employment, and social opportunity of the people as provided in the constitution.
All these have major impacts such as social, political violeces and negative impacts to the economy. These problems can be met with coordinated sequential social program, reasonable taxation policy, as well as education and health care.
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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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