PM calls for global reset for broken climate fin system

New Delhi: Prime Minister Narendra Modi has highlighted that there is a strong opportunity to reshape global climate finance with greater transparency and common standards. The Prime Minister, in a post shared by PMO India on its X handle on Tuesday, referred to an article by Union Minister Bhupender Yadav, which underscores India’s draft Climate Finance Taxonomy and growing domestic green finance as examples of pragmatic leadership that can guide a more effective global architecture for the future.

The article points out that India’s G20 Presidency delivered a clear message to the world that the 20th-century multilateral framework is not serving its purpose.