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India anticipates a comprehensive plan for climate financing at COP28, where global leaders, including Prime Minister Narendra Modi, will strategize on climate mitigation. Foreign Secretary Vinay Mohan Kwatra stressed the importance of a clear roadmap for climate finance and technology.
COP28 Meeting: "Eight years on from the Paris Agreement, policies remain insufficient to stabilise temperatures and avoid the worst effects of climate change. Collectively, we are not cutting emissions fast enough and are falling short on the needed investment, financing, and technology," the IMF blog noted.
"Eight years on from the Paris Agreement, policies remain insufficient to stabilise temperatures and avoid the worst effects of climate change. Collectively, we are not cutting emissions fast enough and are falling short on the needed investment, financing, and technology," the IMF blog noted.
IMF advises an annual increase in green investments to $5 trillion by 2030, emphasising private sector involvement, especially in developing countries., , COP 28, international monetary fund, Green Investments
International cooperation is more important than ever because no country can address climate change by itself, says the IMF