ESG, Climate Change, Climate Finance, Climate Investing, and Climate Tech: What’s New to Follow?
ClimateAngels | Sep 26, 2023
The world, powered by futuristic tech is changing rapidly. To resonate with it requires constant updates about what’s happening in it. Thus, it’s crucial to stay informed about the latest trends and developments in ESG, climate change, climate finance, climate investing, and climate tech. This blog aims to provide you with the most recent updates in these areas.
In this article, we’ll delve into the ESG area and explore how it’s expected to control 34% of assets in India by 2051. We’ll also look at the top ESG-focused companies in India. Next, you’ll have the opportunity to grasp the pressing issue of climate change, examining its effects on India and how it’s impacting the global population.
In the realm of climate finance, India’s need to scale up climate investments and the role of private investment in climate projects are apparent. When it comes to climate investing, the role of blended finance in scaling up climate investment in India and how global momentum is building to achieve net zero in greenhouse gas emissions are more important than ever.
Throughout this blog, we’ll also answer frequently asked questions about these topics. So, whether you’re an investor looking for the next big opportunity, a policy maker trying to understand the latest trends, or simply someone interested in staying informed about these critical issues, this blog has something for you.
Stay tuned!
ESG
Environmental, Social, and Governance (ESG) parameters are expected to control 34% of assets in India by 2051. The top ESG-focused companies in India include Tata Consultancy Services (TCS), Tata Power, Infosys, HDFC Bank, ICICI Bank, Wipro, and JSW Steel.
Climate Change
The North Indian town of Joshimath in the foothills of the Himalayas is sinking due to climate change. A recent study reveals that nearly the entire global population experienced higher temperatures from June to August due to human-induced climate change.
Climate Finance
India will need to significantly scale up climate investments — from $18 billion to $170 billion annually until 2030 — to achieve its net-zero targets.
A plan to channel private investment for climate projects into the developing world risks overwhelming poorer economies with a tsunami of foreign capital.
Climate Investing
India needs blended finance to scale up climate investment to $170 billion annually by 2030. Blended finance can help drive more private capital to high-impact climate projects.
Global momentum is building to achieve net zero in greenhouse gas (GHG) emissions—and to do so more quickly than previously envisioned. Getting there will require unprecedented levels of innovation.
Climate Tech
Bhubaneswar-based IoT-enabled climate tech startup Aurassure has raised INR 4 Crore in a seed round led by Unicorn India Ventures. The latest Intergovernmental Panel on Climate Change (IPCC) report amplified the calls for drastic action.
COP26 echoed this and announced a plan for countries and businesses to work closely together to speed up affordable clean tech adoption worldwide.
Where to?
The landscape of ESG, climate change, climate finance, climate investing, and climate tech is rapidly evolving. It’s crucial for us to stay informed and adapt our strategies accordingly. As we continue to navigate these changes, we must remember that our actions today will decide the world of tomorrow!
FAQs: ESG, Climate Change, Climate Finance, Climate Investing, & Climate Tech
ESG
Q-1: What are the top ESG-focused companies in India?
Ans: The top ESG-focused companies in India include Tata Consultancy Services (TCS), Tata Power, Infosys, HDFC Bank, ICICI Bank, Wipro, and JSW Steel.
Q-2: How much of India’s assets are expected to be controlled by ESG parameters by 2051?
Ans: ESG parameters are expected to control 34% of assets in India by 2051.
Climate Change
Q-1: What are the effects of climate change in India?
Ans: The effects of climate change in India are significant. For instance, the North Indian town of Joshimath in the foothills of the Himalayas is sinking due to climate change.
Q-2: How is climate change affecting the global population?
Ans: A recent study reveals that nearly the entire global population experienced higher temperatures from June to August due to human-induced climate change.
Climate Finance
Q-1: How much does India need to scale up climate investments to achieve its net-zero targets?
Ans: India will need to significantly scale up climate investments — from $18 billion to $170 billion annually until 2030 — to achieve its net-zero targets.
Q-2: What is the role of private investment in climate projects?
Ans: Private investment plays a crucial role in climate projects. However, a plan to channel private investment for climate projects into the developing world risks overwhelming poorer economies with a tsunami of foreign capital.
Climate Investing
Q-1: What is the role of blended finance in scaling up climate investment in India?
Ans: Blended finance can help drive more private capital to high-impact climate projects and is needed to scale up climate investment in India to $170 billion annually by 2030.
Q-2: How is global momentum building to achieve net zero in greenhouse gas emissions?
Ans: Global momentum is building to achieve net zero by 2050 in greenhouse gas (GHG) emissions—and to do so more quickly than previously envisioned. Getting there will require unprecedented levels of innovation.
Climate Tech
Q-1: What are some of the leading climate tech startups in India?
Ans: Bhubaneswar-based IoT-enabled climate tech startup Aurassure has raised INR 4 Crore in a seed round led by Unicorn India Ventures.
Q-2: How is technology being used to combat climate change?
Ans: Technology is being used to combat climate change in various ways. For instance, the sixth Intergovernmental Panel on Climate Change (IPCC) report amplified the calls for drastic action. COP26 echoed this and announced a plan for countries and businesses to work closely together to speed up affordable clean tech adoption worldwide.
More Insights For You
1. Top 15 Climate Tech Trends to Be Ready for in 2024: The Future is Looking Greener
2. Key ESG Metrics: Cracking the Code for Smart Investing
3. The Wheel of “Climate Tech VC” Space: A Quick Sneak Peek Into ‘What’s Happening?’
4. Climate Tech: A Strange Hinterland of Venture Capital Investments? Still True? Let’s Find Out
References
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7. India: Climate Change Impacts – World Bank Group.
8. How the Climate Crisis is Impacting India.
9. Climate change: IPCC warns India of heat waves, droughts.
10. Climate change in India – Wikipedia.
11. Climate finance in India | IEEFA.
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13. Climate Finance | India in a Warming WorldIntegrating Climate Change ….
14. India incorporates green bonds into its climate finance strategy.
15. The State of Climate Finance in India: Ideas and Trends for 2022.
16. India needs blended finance to scale up climate investment to $170 bn ….
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19. How green finance can bolster India’s transition to net-zero | World ….
20. India Climate Tech 100 – Top 100 Indian startups making efforts against ….
21. Climate Tech Startups to Watch in India – Startup Basecamp.
22. Top VCs name the 46 climate-tech startups to watch in 2021.