The risk of climate change is one of the central issues facing the world. There is widespread consensus that climate change can dramatically alter ecosystems and hence, requires immediate action. Steps are being taken globally and the same need to be further intensified to reduce the build-up of greenhouse gases in the atmosphere there by reducing the magnitude and rate of climate change across the globe.
An important milestone in this direction, the Paris Agreement, stressed on the need for concerted action to achieve this common goal. Aligning the capital flows with low-carbon, resilient development pathways is critical to achieve this goal. This not only requires the private sector to drive action by investing into low carbon intensive sectors but also to support the transition of conventional brown sectors to green areas.
