Oct 31, 2023
The President of #COP28 calls for urgent action on adaptation financing to support vulnerable countries in the face of climate change. Read more about this critical issue in the link.
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The President of #COP28 calls for urgent action on adaptation financing to support vulnerable countries in the face of climate change. Read more about this critical issue in the link.
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Climate Finance Momentum Continues Beyond Targets
Developed nations have once again surpassed their long-standing climate finance commitment, marking the third consecutive year of exceeding the USD 100 billion annual goal. According to fresh OECD data, contributions reached USD 132.8 billion in 2023 and climbed further to USD 136.7 billion in 2024. This milestone reflects a growing dedication to supporting developing economies in their efforts to mitigate and adapt to climate change.
Also Read : -https://theciotimes.com/climate-finance-momentum/
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Norway’s Sovereign Wealth Fund is turning to AI to help safeguard its $2 trillion portfolio from climate-related risks, according to Bloomberg.
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India’s future is being built with steel… but at what cost? 🌍 By 2030, the country will need $467 billion in climate finance to decarbonize its core industries, including construction steel products in India.
For contractors and builders, this means:
A shift towards green-certified TMT bars
Stable pricing with climate-backed investments
New regulations in public projects
Climate finance isn’t just about sustainability — it’s about shaping the way we build tomorrow. ✨
🔗 Explore the full article: https://www.scribd.com/document/907485769/Buyers-Insight-How-Climate-Finance-Shapes-the-Future-of-Indian-Steel