Finding the financial resources to meet nationally determined contributions (NDCs) under climate action would be a ‘daunting challenge’, according to the Economic Survey 2019. NDCs outline actions that India intends to undertake post 2020 to contribute to the fight against climate change. India has been progressing rapidly towards achieving sustainable development goals, demonstrating its responsibility towards acknowledging emerging threats from climate change, the Survey said. The preliminary total estimate for meeting India’s climate change actions between now and 2030 is $2.5 trillion (at 2014-15 prices). “Finding required financial resources, especially from the private sector, is going to be a daunting challenge," said the report.

Source: Mint July 04, 2019 18:11 UTC