Climate Conference 2024 Focuses on Green Transition for India

  • 15 Jan 2024

On 12th January, the Climate Conference 2024, with the theme "Decoding the Green Transition for India," was held in Mumbai, Maharashtra.

  • The Ministry of Environment, Forest and Climate Change, Government of India, organized the conference, highlighting the role of the private sector, climate tech startups, and institutional investors.

Key Points

  • Objective: The conference aimed to mobilize financial resources and technical capabilities from the private sector, startups, and institutional investors to complement government efforts.
  • It sought to engage civil society, communities, and develop innovative climate services and adaptation technologies.
  • Organizational Framework: The event was organized under the Green Climate Fund Readiness Programme with the UNDP India as the Delivery Partner and Avaana Capital as the Knowledge Partner.
  • India's Net-Zero Roadmap: The Conference emphasized India's commitment to achieving net-zero by 2070. It outlined strategies for green transition investments, transforming energy systems, reducing CO2 emissions, conserving natural resources, increasing biodiversity, and enhancing climate resilience.
  • Finance Landscape Discussion: Discussions at the event delved into the current landscape of climate finance in India, exploring the roles of government, venture capitalists, corporates, and industry leaders. The focus was on strategies to boost financing in the climate-tech ecosystem.
  • Sustainability and Collaboration: The Conference highlighted sustainability linked funds, risk-sharing facilities, and concessional financing.
  • Overall, it fostered collaboration and partnership among stakeholders from diverse sectors, promoting the development and adoption of sustainable, climate-resilient technologies and practices.