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India has received USD 1.16 billion in climate finance so far: Govt

This amount includes USD 803.9 million from the Green Climate Fund, USD 346.52 million from the Global Environment Facility (for climate change focal area), and USD 16.86 million from the Adaptation Fund,
India has received approximately $1.16 billion in climate finance to date, as reported by the government. This funding is part of a broader effort to support developing countries in their transition to low-carbon and climate-resilient economies. The finance has been channeled through various international mechanisms, including the Green Climate Fund (GCF), bilateral agreements, and multilateral institutions. The article highlights that while this amount represents a significant step, there remains a substantial gap in the funding required to meet India's climate goals, especially in sectors like renewable energy, energy efficiency, and sustainable agriculture. The government is actively seeking more international support to bridge this gap and achieve its commitments under the Paris Agreement.

Read the Full cnbctv18 Article at:
[ https://www.cnbctv18.com/business/india-has-received-usd-1-16-billion-in-climate-finance-so-far-govt-19554020.htm ]