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Climate finance plays a crucial role in climate efforts. This paper examines the evolution of the discussions on the New Collective Quantified Goal (NCQG), which will be a key determinant of the success of the 29th Conference of the Parties (COP29). Despite recent progress, current climate finance targets and mechanisms remain inadequate. This paper analyses the positions of various countries and coalitions. Developing countries stress the responsibility of developed countries, emphasizing equity in climate finance.
Mainstream frameworks on sustainable consumption and production fail to holistically capture downstream segments of resource consumption and production systems, especially in relation to lifestyle choices. Building on previous work by TERI, this policy brief seeks to develop composite metrics on consumption for G20 countries and discusses ways to further internationalize sustainable lifestyles.
In 2020, global municipal solid waste (MSW) generation reached 2.24 billion tonnes, a figure projected to rise to 3.88 billion tonnes by 2050. This increase will be largely driven by the fastest-growing regions, including sub-Saharan Africa, North Africa, South Asia, and the Middle East, where waste levels are expected to double or even triple.
Green Public Procurement (GPP), a sub-component of sustainable public procurement, seeks to achieve environmental sustainability by leveraging the government sector’s purchasing power. GPP can be defined as the deliberate and systematic integration of environmental objectives into the procurement process of goods, services, and works by public agencies. This policy brief employs a case study-based approach to identify strategies for promoting GPP in India.
India's enormous financial requirements to address climate change and ensure just transitioning for its economy cannot be met by the lone public sector and would require catalyzing private finance and institutional investment into climate initiatives. Green bonds offer an emerging financial instrument that holds the potential to attract private investors into climate action. However, unlike the exponential growth of green bonds in the global market, they still occupy only a scanty share of the Indian bonds market.
While environmental regulation is the principal responsibility of environmental ministries, their locus standi in terms of implementation is limited as much of the implementation lies with other line ministries/departments and public agencies. Hence, it is essential that ‘environment’ is mainstreamed across ministries, departments, and sectors.
Mainstream frameworks on sustainable consumption and production fail to holistically capture downstream segments of resource consumption and production systems, especially regarding lifestyle choices, including its links to upstream and midstream components.
At the 27th Conference of the Parties (COP27) of the United Nations Framework Convention on Climate Change (UNFCCC), the participating states agreed on the broad modalities for the establishment of a historic Loss and Damage Fund. Furthermore, COP27 set up a transnational committee to “make recommendations for consideration and adoption by COP28” for the loss and damage fund, making the particulars and modalities of the fund a key topic for COP28 in December 2023.