In Short : The Asian Development Bank approved a $500 million loan to support the Philippines’ climate action efforts. The funds will enhance disaster resilience, accelerate renewable energy adoption, promote green financing, and strengthen institutional capacity. Aimed at reducing climate vulnerabilities, the initiative aligns with the Philippines’ Paris Agreement commitments and ADB’s goal of fostering […]
Norway to Join ADB’s First of Its Kind Article 6 Carbon Fund – EQ
In Short : Norway is set to join the Asian Development Bank’s (ADB) pioneering Article 6 Carbon Fund, which aims to help countries reduce carbon emissions through market-driven solutions. This fund, part of the Paris Agreement’s Article 6, promotes international cooperation in climate action. Norway’s involvement highlights its commitment to supporting global efforts for sustainable, […]
ADB Approves Loan to Spur Climate Action in Mongolia – EQ
In Short : The Asian Development Bank (ADB) has approved a loan to support climate action in Mongolia. The funding will help the country implement projects focused on reducing greenhouse gas emissions, enhancing climate resilience, and promoting sustainable development. This initiative aims to address Mongolia’s vulnerability to climate change, particularly in areas like agriculture, water […]
India leading G20 in green growth, climate action: PM Narendra Modi – EQ
In Short : Prime Minister Narendra Modi stated that India is leading the G20 in green growth and climate action. He emphasized the nation’s significant progress in renewable energy and sustainable practices, showcasing India’s commitment to environmental conservation and its role in global climate change initiatives. In Detail : PM lists India’s green energy achievements, […]
World Bank Group And IMF Deepen Joint Effort To Scale Up Climate Action – EQ
In Short : The World Bank Group and IMF are intensifying their collaboration to enhance climate action, aiming to address global climate challenges and promote sustainable development. In Detail : WASHINGTON : The World Bank Group (WBG) and the International Monetary Fund (IMF) are deepening their cooperation through an enhanced framework to help countries scale […]
Record-breaking temperatures highlight the urgent need to accelerate climate action and mitigate the impacts of global warming – EQ
In Short : With temperatures breaking records, accelerating climate action is crucial. Swift and decisive measures are needed to mitigate climate change impacts, reduce greenhouse gas emissions, and protect ecosystems and communities from extreme weather events. In Detail : The scorching heat already claimed dozens of lives in north India and threatens to damage agriculture […]
Government of Goa and Power Finance Corporation come together to pioneer subnational Blended Finance Facility for Climate Action – EQ
In Short : The CMD of IREDA (Indian Renewable Energy Development Agency) reveals plans to establish a retail subsidiary and enhance rooftop solar financing. This initiative signals a strategic move to expand renewable energy services, particularly focusing on decentralized rooftop solar projects and broader accessibility in the retail sector. In Detail : Power Finance Corporation […]
Rising ambitions on climate action must see matching progress on climate finance PM Modi – EQ
In Short : PM Modi’s call for matching progress on climate finance aligns with the growing recognition of the pivotal role that financial resources play in driving initiatives that combat climate change, promote renewable energy, and foster environmental sustainability. In Detail : New Delhi : Prime Minister Narendra Modi has called for ensuring requisite climate […]
Six Steps India Must Take for Effective and Credible Climate Action – EQ
In Short : To ensure effective and credible climate action, India should consider the following six steps: Ambitious Emission Reduction Targets: India should set ambitious and measurable emission reduction targets aligned with the Paris Agreement. These targets should cover all major sectors, including energy, transportation, and industry, and aim for a significant decrease in carbon […]
Need to alter approach on climate action from restrictive to constructive: PM Modi – EQ
New Delhi : Prime Minister Narendra Modi has made a strong pitch for altering the approach on climate talks, from restrictive to constructive, and urged nations not to focus on “don’t do this or that”. In an interview to PTI ahead of the G20 Leaders’ Summit this weekend, the prime minister said there was no […]