Current Affairs - Finance - Discussion

The Green Climate Fund has sanctioned $200 million for a new initiative led by the Asian Development Bank (ADB) to support the India Green Finance Facility (IGFF). This programme is designed to boost investments in emerging clean energy technologies within India by blending public and private sector financing. ADB’s leadership in this project highlights its continued role in promoting sustainable development and climate resilience in Asia. By involving India’s leading development finance institutions and the private sector, the initiative aims to mobilise significant resources for environmentally friendly energy solutions and contribute to India’s climate goals.