WRI India’s Post

Some insights from my recent publication with- Madhumitha Srinivasan, Ketaki Ghoge, Amir Bazaz, Aromar Revi "Climate Finance in India 2023." This report isn't just data; it's a comprehensive roadmap dedicated to fortifying India's prospective resilience and sustainability. Here's why it's crucial: 📈 Impact on Economy: Climate change could lead to a staggering 3-10% GDP loss by 2100. The urgency to act now is underscored by projected losses in critical sectors, from health to agriculture. 💸 Financial Imperatives: Our findings reveal that achieving India's climate goals demands significant investments, ranging from 7-18% of GDP2019. It's not just a financial commitment; it's an investment in securing India's resilience against climate change. 🔄 Transition Challenges: The shift away from coal, while necessary for a sustainable future, poses challenges. There is need for a 'just transition' to address social risks, job losses, and ensure a fair and inclusive change. 🤝 Global Collaboration: Coordinated policies, green bonds, and subsidies are some key instruments. The goal? To accelerate India's energy transition, reduce carbon lock-ins, and pave the way for a sustainable, low-carbon economy. Indian Institute for Human Settlements CIRCLE, Lund University #climatechange #climatefinance #india #mitigation #justtransition #transitionrisks #adaptationgap

Super thrilled to share my new work! This report is a comprehensive stock-take of the current climate finance landscape in India. India needs to redirect investment away from fossil fuel and carbon-intensive sectors into low-carbon and resilient development via coordinated climate adaptation and mitigation. India’s climate mitigation investments should focus on the energy transition while also ensuring a socially just transition; and its climate adaptation investments should focus on filling the resilient infrastructure and sustainable land use and ecosystem services investment gap, to move towards a 1.5°C world.

𝐅𝐨𝐫 𝐚 𝐛𝐞𝐭𝐭𝐞𝐫 𝐭𝐨𝐦𝐨𝐫𝐫𝐨𝐰: 𝐈𝐧𝐝𝐢𝐚’𝐬 𝐩𝐚𝐭𝐡 𝐭𝐨𝐰𝐚𝐫𝐝𝐬 #𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 The climate clock is ticking and the world must build #resilience. With ongoing environmental disruptions, major governments are prioritising sustainable solutions. India, billed the next great economic power, has a crucial role to play in advancing the #climate agenda and has achieved notable progress towards sustainability. While in 2019, we were at the 11th position in the Climate Change Performance Index, India has moved up in the rankings to become 7th in 2024. Today, we are seeing progress through targeted initiatives from the government and the growing adoption of sustainable approaches by the private sector. For instance, according to #KPMG 2023 India CEO Outlook, an estimated 54 per cent of CEOs in India have fully embedded #ESG into their businesses to create value. Going ahead, there is a need for a more collaborative effort between all stakeholders of society. Major businesses and the government must come together to mutually tackle emerging climate issues and also extend support to smaller players in the value chain. So, what has been the progress so far? What key initiatives have been undertaken? And what has India achieved until now? Here is a short video summarising India’s climate action. #Environment #Netzero #Emissions #Economy #India Anish De Namrata Rana Anvesha Paresh Thakker

Sometimes I get asked the question - why are you working in climate? In the moment I fumble on some abstract philosophical logic on how it’s the most important issue of our time and everyone should work in some related field etc. etc. (sorry if you’ve heard this before). I decided to document and share some of the reasons I (and hoepfully you) work in climate, how I’m doing and opportunities for you to get involved. With the intention to help others learn and grow, I hope I can create a mini domino effect within my network and inspire you to do the same. #1 There’s room for you 🙋🏽♀️ There’s a genuine need for minds from different professions, academia and governments to come together and mitigate the climate crisis. Last week I had the privilege of speaking at a rountable at the India Climate Leadership Trade and Finance forum. Among the other panelists were individuals and organizations whose work I have admired from afar for years. We covered a gamut of topics from nature-based solutions in India, the role of multilateral and private financial institutions, potential of municipal bonds in the transition, urgency of innovation, taxonomy and climate policy, bringing back public-private partnerships and India’s response to the Carbon Border Adjustment Mechanism. I left the room energized by the diversity of thought and the positive attitude towards making a difference. But, here in India we simply NEED more talent leveraging their unique skillset and background and turning this challenge into a massive economic opportunity. Thank you Hisham Mundol and Rami Desai for putting together this dialogue as a tangible platform for cross pollination of ideas 💡 #climatechange #climateaction #netzero

#UnionBudget2024 I "The #EconomicSurvey2024 provides a realistic portrayal of the state of India’s economy, with stability and resilience at its core. The country is projected to grow at 6.5-7% in FY25. However, the turbulent global environment, with concerns over protectionism, climate change & global warming, the advent of AI and restricted trade flows are threats that will need to be navigated in the country’s ambitious growth trajectory. India needs multiple development pathways given its diversity and governance models. The Survey calls for a grand tripartite alliance between the union and state governments and the private sector to deliver consistently on the journey to Viksit Bharat by 2047. Creation of world-class infrastructure – physical, social, financial and digital – and large-scale job creation built on the back of skill enhancement will be key growth pillars: Sandeep Paidi, KPMG India #Budget2024 #EconomicSurvey #KPMGBudgetLive

🌍🇮🇳 India Takes First Steps Towards Achieving 2070 Net-Zero Goal 🌿💡 I am thrilled to share significant progress towards India's commitment to achieve a net-zero economy by 2070! NITI Aayog has initiated pivotal measures to steer our nation towards this ambitious goal, marking a crucial milestone three years post-commitment. Under the guidance of NITI Aayog, dedicated multi-sectoral committees have been formed to develop a comprehensive transition plan. These committees are tasked with identifying key issues, charting pathways, and proposing policy actions across critical dimensions of climate change. In parallel, specialized working groups have been mobilized to address vital aspects such as macroeconomic implications, climate finance, R&D of critical minerals, domestic manufacturing, supply chains, social considerations in energy transition, and sector-specific analyses covering transport, industry, buildings, agriculture, and power. These collaborative efforts are set to culminate in a consolidated report by NITI Aayog, serving as a vital policy guide for central ministries to formulate climate-resilient strategies aligned with India's net-zero aspiration. This concerted effort underscores India's proactive stance in tackling climate challenges and fostering sustainable development. As we navigate towards a cleaner, greener future, I look forward to witnessing the transformative impact of these initiatives across our economy and society. #NetZero2070 #ClimateAction #Sustainability #India #NITIAayog #GreenEconomy #ClimateResilience United Nations

Join us for a panel discussion on the “Future of Carbon Markets in India” with Ms. Meher Sidhwa, Mr. Pulak Mishra, Ms. Priyanka Pothana, Mr. Anveshi Gutta, and Ms. Nidhi Mehra. The Future of Carbon Markets in India is a hot topic, and this panel discussion will explore all sides of the issue. They will share their insights on how these markets can help India meet its climate goals and create a more equitable and sustainable future.  #carbonmarkets #sustainability #future 

🌍🌱 India’s Dual Commitment: Growth & Sustainability! 📈🌿 As one of the world’s largest developing economies and a significant emitter of greenhouse gases, India’s stance within BRICS reflects its commitment to balancing economic growth with environmental sustainability. 🇮🇳🌏 India is advocating for the interests of developing nations, ensuring that economic progress goes hand in hand with responsible environmental stewardship. 🤝🌳 This dual focus highlights India's leadership in shaping a sustainable and inclusive global future. 🌐🌟 #India #BRICS #EconomicGrowth #Sustainability #DevelopingNations #EnvironmentalStewardship https://lnkd.in/guS_gUnc

As India prepares for itself as a global economic power, so it should do for the power demand. Here's a snippet from the newspaper recently (Source: Livemint) And it's not just the long-term demand. Due to increasing industrial growth, rising per capita income along with added climate complexities has seen power demand growing regularly in short periods too! (More information in the comments)

#Opinion India can no longer take the weather for granted or rely on past trends. How can India climate-proof its vital sectors? Our researchers, Vishwas Chitale PhD and Shravan Prabhu unpack in The Indian Express. Read more👇 https://lnkd.in/g7jEwJFA #climatechange #climatecrisis #climaterisk #climateaction #climateresilience