World Climate Finance Gap at $4 trillion, as the US exit!
By S R Ranjan: The US, as it believes climate change is “a hoax” , withdrew from the Paris Agreement and exit from world organisations like IPCC. Amidst the world turmoil, geo-political crisis and polarization marked global wars, regional conflicts, trade barriers and economic uncertainties, market volatility and human suffering, climate change, climate action and climate finance remain the eminent, pertinent and challenging global issues that need lasting solutions. World reports have flagged that although global capital markets were flush with funds, very little money is being directed for climate action. India’s Economic Survey reportedly flags climate finance gaps at $4 trillion. Economic Survey 2025-26 reportedly says the challenge is not shortage of global capital but structural misalignment. Markets were flush with funds but very little money were directed for climate action and even that was being predominantly invested in developed countries or China. In 2023, globa...
