A decade ago depletion of the ozone layer was the major problem and it was considered a grave danger to human life but now it has become a common topic that passes here and there every now and then but now climate change is the new hot topic.
Climate change has been creating some pretty aggressive changes in our environment. Environmentalists and activists are protesting and urging the people and the governments to take action and to reverse the change, but the topic is just standing as a topic; no plan is coming to action.
Due to climate change, we are seeing unusual weather. Remember when autumn was really autumn, now it is the rainy season and the summer has become the new autumn. Every country around the world is flooding away with heavy rainy causing damage beyond repair.
Millions of people have lost their houses and other properties, buildings have been collapsed, roads have been washed away, and a lot of damage has been done by climate change so far. Hence the coming years can only be more crucial.
According to a recent report, India has topped the list of top 10 countries that have been attracting investment in climate protection technology for the past five years.
Standing in ninth place domestic climate tech companies have secured $ 1 billion in venture capital investments between 2016–2021. These are the findings of a report prepared by London & Partners, Dealroom.com, on the developments that took place five years after the Paris Agreement.
According to the latest report by Number One America, investment in Climate Tech companies around the world has increased significantly since the Paris Agreement.
The U.S. topped the top 10 countries with $ 48 billion in investments, followed by China with $ 18.6 billion and Sweden with $ 5.8 billion. The report said that the world needs to focus on working together to reduce emissions to zero.
Multinational banks should focus on the environment. Recently New Zealand passed a new law asking the financial institutes to work on environmental protection. Read more about it, here.
Nirmala Sitharaman has asked to give high priority to the provision of private capital. She addressed the Sixth Annual Meeting of the Board of Governors of AIIB, China. She appealed to AIIB to explore investment opportunities related to the development of social infrastructure. She also added India would provide adequate support to AIIB in all matters.
Sitaraman appealed to AIIB to set up a Resident Board and Regional Offices. This will further increase transparency in the bank’s operations.
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