The World Bank Group today launched its Action Plan on Climate Change Adaptation and Resilience.

The World Bank Group launched its Action Plan on Climate Change Adaptation and Resilience. Under the plan, the World Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level—an average of $10 billion a year—is more than double what was achieved during FY15-18.

With some US$100bn of existing and proposed thermal power plants in financial distress, and low cost but variable renewable energy capacity best able to meet the ambitious targets set by government, India has an opportune moment to transform its electricity sector by introducing time-of-day pricing for both producers and consumers.

Global economic prospects have darkened. Financing conditions have tightened, industrial production has moderated, and trade tensions remain elevated. The recovery in emerging market and developing economies has stalled, and some countries have experienced significant financial stress.

The Centre's flagship irrigation scheme - Accelerated Irrigation Benefit Programme (AIBP) - has been found to be saddled with delays, deficiencies in planning and even serious lapses such as diversion of funds and financial irregularities were found revealed this performance audit of the Comptroller and Auditor General (CAG) for the period of 2008 to 2017. The irrigation projects led to an almost threefold jump in the cost of these projects to ₹1.20 lakh crore said the report.

The 42nd standing committee on energy in this report on stressed gas-based power plants tabled in Parliament pulled up the government for diverting coal cess to compensate States for revenue loss post-GST, and recommended financial support to the stressed gas-based power projects in the country from National Clean Energy Fund (NCEF).

The Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar PV Power Projects have been notified under the provisions of Section 63 of the Electricity Act, 2003 vide resolution No.

Low-income households around the world are particularly vulnerable to shocks, but also the least prepared when a shock hits. The effects of climate change, including floods, droughts, and other weather-related disasters, are adding another layer of risk for already vulnerable households.

Are poor macroeconomic outcomes primarily the result of economic policies, or of deeper underlying state fragility problems in sub-Saharan Africa?

The Global Green Growth Institute’s G20 Background Paper: Green Growth to achieve the Paris Agreement outlines the necessity of an accelerated transition to a green and circular economy that will eradicate poverty, provide decent jobs, and hit climate action targets.

Pages