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Sustainable Finance for green growth emerges as a key focus at WSDS

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 Delhi , Manish Bapna , Vibha Dhawan , Jagjeet Singh Sareen , Pradeep Tharakan , Kathleen Mcginty , Helen Clarkson , Laszlo Broberly , World Sustainable Development Summit , Resources Institute , Natural Resources Defense Council , Green Development Pact , Climate Group , Asian Development Bank , Director General , President Natural Resources Defense Council , Regional Advisor , Johnson Control , Dalberg Advisors , New Delhi India , Ebruary 27 Ani Pnn The Need For Sustainable Finance Green Growth Asa Critical Focus Area Was Stressed At Recently Concluded World Development Summit , Eld In New Delhi Last Week Several Leaders Who Spoke At The Summit Emphasized Need For Sustainable Finance And Absence Of Instruments To Facilitate Long Term Lending Fuel Green Growth , Specially In The Emerging Economies And Least Developed Countries Dr Vibha Dhawan , Director General , He Energy And Resources Institute Teri , Aid That Though Renewable Energy Has Receiveda Reasonable Level Of Financing ,