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NABARD's Climate Strategy UPSC NOTE

 Climate Strategy 2030

  • National Bank for Agriculture and Rural Development (NABARD) on the occasion of Earth Day unveiled its ‘Climate Strategy 2030’ document aiming to address India’s need for green financing

  • NABARD said since India requires approximately $170 billion annually to reach more than $2.5 trillion by 2030, the current green finance inflows are woefully insufficient.

  • As of 2019-20, India garnered about $49 billion in green financing, merely a fraction of what is needed. 

  • With the majority of funds earmarked for mitigation, only $5 billion was allocated towards adaptation and resilience, reflecting the minimal private sector engagement in these areas due to challenges in bankability and commercial viability

  • NABARD’s Climate Strategy 2030 is structured around four key pillars which include 

    • accelerating green lending across sectors, 

    • playing a broader market-making role, 

    • internal green transformation 

    • strategic resource mobilisation

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: NABARD's Climate Strategy UPSC NOTE
NABARD's Climate Strategy UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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