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India faces a huge financing gap to tackle climate change and the SDGs


India faces a huge financing gap to tackle climate change and the SDGs
India faces a huge financing gap to tackle climate change and the SDGs
Solar panels in the Himalayan region of Ladakh, India © Allison Joyce/Getty Images
16 march 2021, 
India’s GDP could fall by 90 per cent by 2100 if climate finance isn’t improved. As the country tackles Covid, it mustn’t lose sight of sustainability.
India’s GDP
could fall by 90 per cent by 2100 if current climate financing policies aren’t improved, according to an analysis by global forecasting firm Oxford Economics. The grim forecast relies on capturing the historical relationship between GDP and temperature. Another report by McKinsey estimates that between 2.5 and 4.5 percent of India’s annual GDP could be at risk by 2030 due to climate change. At the moment, sustainable finance is far from sufficient in the country and needs to be scaled up. ....

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