FUNDING GREEN TRANSITION

Trump's climate finance rollback should accelerate efforts to unlock finance that help us stay the course

- NEHA KUMAR

ONE OF THE FIRST decisions of Trump's second administration was to pull out of the Paris Agreement and retract from its financial contributions to global climate mechanisms. Add to it the sleight of tariffs which increase the risk of continued volatility in global markets, rise in inflation, protectionism, and economic slowdown. These developments can result in countries and firms stepping sideways on climate action, possibly hurting the green transition momentum in the short term.

In these uncertain times, green transition presents itself as a strong economic offering for India. Financing such a climate responsive development transformation is not without challenges. If anything, Trump's moves should accelerate our efforts domestically and internationally to unlock finance that help us stay the course.

MULTILATERAL CLIMATE FINANCE FOR INDIA