Finally, a Road to Somewhere

'All finance is climate finance', is the resounding message coming from the recently-concluded COP-28 conclave held in Dubai, UAE

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I would like to call this fund as a climate justice fund since it provides a level-playing field for not so rich nations for their sufferings from the sins of the richer nations. - Shri V.P.Nandakumar MD & CEO Manappuram Finance Ltd

All finance is climate finance. For me, this is the most important takeaway from the 28th session of the UN Climate Change Conference -- better known as COP 28 -- held in Dubai, United Arab Emirates (UAE) between 30th November 2023 and 13th December 2023. In a nutshell, the message from the history-making UAE consensus, as the final document adopted by all parties to COP 28 is now known, is that the financial industry should go where the emission is to see the ‘accelerated transition’ to green energy sources, clean and transformative technologies at a rapid pace than ever to stop climate change and to make the planet a better, happier and safer place to live in. This means the financial firmament should gear up to address the intertwining risks and opportunities to get there – the net zero goal within the timeline.