In Munich, Nirmala Sitharaman stresses on differentiated climate action responsibilities

In Munich, Nirmala Sitharaman stresses on differentiated climate action responsibilities

The Finance Minister explained that Budget allocations towards environmental programs did not tell the entire story of how much would be spent on projects during the year; also said India was not waiting for funds, technology to come from elsewhere

India raises its commitment to climate action to 5.6 pcof GDP: Sitharaman

STATE TIMES NEWS NEW DELHI: Finance Minister Nirmala Sitharaman on Saturday said India has hiked spending on climate action in the last six years to 5.6 per cent of GDP, demonstrating the country’s pursuit of meeting nationally determined goals on curbing carbon emission.Participating in a panel discussion at the Munich Security Conference, she said India has increased its commitment to climate action. “Six years ago, we were spending approximat…

India has doubled climate spending to 5.6% of GDP, says Finance Minister Sitharaman

India has significantly increased its financial commitment to fighting climate change, with spending on climate action rising from 3.7 per cent of the Gross Domestic Product (GDP) six years ago to nearly 5.6 per cent today. Union Finance Minister Nirmala Sitharaman shared these figures while speaking at the 'Degrees of Instability