Economic Survey Flags Climate Finance Gap, Stresses Urgent Adaptation Needs
The Economic Survey 2024-25, released on January 31, highlights India's urgent need for climate adaptation measures while criticizing the lack of international climate finance. The report warns that reliance on domestic resources could hinder development goals.
The Ministry of Environment, Forests and Climate Change (MoEFCC) is formulating a National Adaptation Plan (NAP) to align with sustainable development and climate resilience strategies. Meanwhile, the Initial Adaptation Communication (IAC) submitted to the UNFCCC outlines India’s vulnerability assessment and adaptation efforts across key sectors.
In agriculture, India is focusing on climate-resilient crops, groundwater conservation, and soil health. Urban adaptation measures include improved water management under AMRUT, verti...