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New Delhi [India], February 27 (ANI/PNN): The need for sustainable finance for green growth as a critical focus area was stressed at the recently concluded World Sustainable Development Summit, held in New Delhi last week. Several leaders who spoke at the summit emphasized the need for sustainable finance and the absence of new instruments to facilitate long-term lending to fuel green growth, especially in the emerging economies and least-developed countries. Dr Vibha Dhawan, Director General, The Energy and Resources Institute (TERI), said that though renewable energy has received a reasonable level of financing, areas such climate adaptation, sustainable consumption and production and biodiversity and ecosystem integrity and pollution abatement have not received the level financing required. Manish Bapna, President Natural Resources Defense Council, India, pointed out that the current financial architecture is not geared up to handle the challenges posed by climate change. "We k

New delhiManish bapnaVibha dhawanJagjeet singh sareenPradeep tharakanKathleen mcgintyHelen clarksonLaszlo broberlyWorld sustainable development summitResources instituteNatural resources defense councilGreen development pactClimate groupAsian development bankDirector generalPresident natural resources defense council