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100 _aMayaram, Arvind
_949370
245 _aFinancing green economies: A realisable target?
260 _aEconomic & Political Weekly
300 _a59(42), Oct, 19, 2024: p.55-62
520 _aIn 2022, the Intergovernmental Panel on Climate Change called for urgent action to limit global warming to 1.5°C above pre-industrial levels, requiring a 43% reduction in greenhouse gas emissions by 2030. India, committed to this target, faces a significant financing challenge, needing 5%–6% of annual gross domestic product by 2070 for climate goals. As public debt is unsustainably high globally, the headroom for borrowing by the governments has shrunk. Private capital can only meet green financing needs marginally. Infrastructure Investment Trusts are a promising solution, offering public–private finance circularity.- Reproduced https://www.epw.in/journal/2024/42/special-articles/financing-green-economies.html
773 _aEconomic & Political Weekly
942 _cAR