NEWS – NABARD unveils strategy to mobilise green financing

HIGHLIGHTS

• Introduction and Purpose
  • Unveiled on Earth Day, NABARD’s Climate Strategy 2030 aims to address India’s need for substantial green financing.
  • With India requiring around $170 billion annually to achieve a $2.5 trillion economy by 2030, current green finance inflows are deemed insufficient.
• Current Scenario and Challenges
  • India received approximately $49 billion in green financing as of 2019-20, falling significantly short of the required amount.
  • Majority of funds were directed towards mitigation, leaving only $5 billion for adaptation and resilience due to challenges in bankability and commercial viability.
• Key Pillars of Climate Strategy 2030
  • Accelerating green lending across sectors to promote sustainable initiatives.
  • Playing a broader market-making role to encourage private sector engagement in green financing.
  • Internal green transformation within NABARD to enhance sustainability practices.
  • Strategic resource mobilization to attract more funding towards climate-resilient projects.

SUSTAINABLE DEVELOPMENT INITIATIVES BY DLF

• DLF, a leading real estate developer, has prioritized sustainable construction practices.
• Implemented initiatives like zero-discharge water systems and sewage treatment plants to recycle millions of liters of water daily, reducing strain on local water sources.
• DLF has been featured in the Dow Jones Sustainability Index for three consecutive years, showcasing its commitment to environmental, social, and governance excellence.