India has received USD 1.16 billionin climate finance so far: Gov
   Date :07-Feb-2025

India has received USD 116 billion
 
 
NEW DELHI :
 
INDIA has so far received USD 1.16 billion for climate projects through the financial mechanism of the United Nations Framework Convention on Climate Change, the Government informed Parliament on Thursday. This amount includes USD 803.9 million from the Green Climate Fund, USD 346.52 million from the Global EnvironmentFacility(forclimate change focal area), and USD 16.86 million from the Adaptation Fund, according to awrittenreplyintheRajyaSabha byUnionEnvironmentMinister Bhupender Yadav. However, the majorityofIndia’sclimateactions have been financed through domestic resources, he said. TheMinister added thatIndia had been diligently working towards adaptation and resilience on a mission mode. “Several policies and measureshavebeenputinplaceacross key economic sectors, keeping in mind the wide scope of adaptation activities,” he said. On the impact of climate change on farmers, Yadav said it was projected that crop yields might be adversely impacted in the absence of adaptation measures.
 
Several measures, including the National Mission forSustainableAgriculture,have been taken up to deal with the impactofclimatechangeonagriculture, Yadav said. Successive Union Budgets have scaled up efforts towards mobilisingresources for climate action, he added. He said successive Union Budgets had increasedresourcemobilisation forclimateaction,withthe2023- 24 budget prioritising greening the economy and the 2025-26 budgetintroducingmeasures to enhance resilience and reduce vulnerabilitiestoclimatechange, particularly in agriculture and allied sectors. Major measures announcedinthe2025-26budgetincludethePMDhan-Dhaanya Krishi Yojana, National Mission on High Yielding Seeds, the sixyearMissionforAatmanirbharta in Pulses, comprehensive programmeforvegetablesandfruits, establishingaframeworkforsustainable harnessing of fisheries inexclusiveeconomiczonesand high seas, among others.
 
“These measures are adaptation strategies in the long run,” Yadav said. The minister said India’sclimateactionswereintegratedintovariousprogrammes andschemesacrossmultiplesectors, with the National Action Plan onClimateChange providing the overarching framework for these initiatives. According to the UNFCCC, adopted in 1992, historically responsibleformostofthegreenhousegasemissions arerequired to provide finance, technology and capacity-building support to developing and low-income economies.