India has received USD 1.16 billion in climate finance so far: Government

India has truthful acold received USD 1.16 cardinal for clime projects done the fiscal mechanics of the United Nations Framework Convention connected Climate Change, the authorities informed Parliament connected Thursday. This magnitude includes USD 803.9 cardinal from the Green Climate Fund, USD 346.52 cardinal from the Global Environment Facility (for clime alteration focal area), and USD 16.86 cardinal from the Adaptation Fund, according to a written reply successful the Rajya Sabha by Union Environment Minister Bhupender Yadav.

However, the bulk of India's clime actions person been financed done home resources, helium said.

The curate added that India had been diligently moving towards adaptation and resilience connected a ngo mode.

"Several policies and measures person been enactment successful spot crossed cardinal economical sectors, keeping successful caput the wide scope of adaptation activities," helium said.

On the interaction of clime alteration connected farmers, Yadav said it was projected that harvest yields mightiness beryllium adversely impacted successful the lack of adaptation measures.

Several measures, including the National Mission for Sustainable Agriculture, person been taken up to woody with the interaction of clime alteration connected agriculture, Yadav said.

Successive Union Budgets person scaled up efforts towards mobilising resources for clime action, helium added.

He said successive Union Budgets had accrued assets mobilisation for clime action, with the 2023-24 fund prioritising greening the system and the 2025-26 fund introducing measures to heighten resilience and trim vulnerabilities to clime change, peculiarly successful agriculture and allied sectors.

Major measures announced successful the 2025-26 fund see the PM Dhan-Dhaanya Krishi Yojana, National Mission connected High Yielding Seeds, the six-year Mission for Aatmanirbharta successful Pulses, broad programme for vegetables and fruits, establishing a model for sustainable harnessing of fisheries successful exclusive economical zones and precocious seas, among others.

"These measures are adaptation strategies successful the agelong run," Yadav said.

The curate said India's clime actions were integrated into assorted programmes and schemes crossed aggregate sectors, with the National Action Plan connected Climate Change providing the overarching model for these initiatives.

According to the United Nations Framework Convention connected Climate Change (UNFCCC), adopted successful 1992, high-income industrialised nations -- historically liable for astir of the greenhouse state emissions driving clime alteration -- are required to supply finance, exertion and capacity-building enactment to processing and low-income economies to assistance them header with a warming world.

These countries see the US, the UK, Canada, Japan, Australia, New Zealand, and European Union subordinate states specified arsenic Germany and France.

In 2009, they pledged to supply USD 100 cardinal per twelvemonth by 2020.

However, this pledge was lone met successful 2020, with astir 70 per cent of the funds coming successful the signifier of loans.

The developed countries were required to present a caller and ambitious fiscal bundle to enactment clime enactment successful the processing satellite astatine the UN clime league successful Azerbaijan past year.

However, they offered a paltry USD 300 cardinal by 2035, a fraction of the astatine slightest USD 1.3 trillion needed annually from 2025.

India had called the sum "too little, excessively distant", "paltry" and "an optical illusion".

The government's 2024-25 Economic Survey report, tabled successful Parliament past month, said the deficiency of backing from developed countries to mitigate clime alteration successful the Global South mightiness punctual processing countries to "rework" their clime targets.

With countries required to taxable their adjacent circular of Nationally Determined Contributions oregon clime plans for the 2031-2035 play this year, India's Chief Economic Advisor V Anantha Nageswaran said home resources would beryllium the cardinal to clime enactment amid the deficiency of enactment from developed countries.