India needs easy finance, not offset markets, for climate action: environment secretary Leena Nandan
Leena Nandan, secretary of the Ministry of Environment, Forests and Climate Change. Illustration by Manali Ghosh
Synopsis
Innovative financial instruments, greater leveraging of the multilateral development banks, and de-risking of projects by developed economies can play an important role in helping developing countries get access to finance for their goals.
As the climate-panel talks enter the final leg at the COP 27 summit in Sharm El Sheikh, Egypt, the discussions on climate finance, adaptation, and mitigation measures, and carbon markets continue to drift. Leena Nandan, secretary of the Ministry of Environment, Forests and Climate Change, in an e-mail interview to ET Prime, talks about how India along with developing countries is building pressure on developed countries to ensure greater
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