While over the years, progress was made on achieving the US$ 100 billion per year target, overall this goal was not met. There is a catalytic role that well-designed market and non-market mechanisms, along with financial instruments and voluntary initiatives, can play in facilitating this. But, with clarity on Article 6 of the Paris Agreement still being elusive, the various mechanisms being developed and launched are disassociated from each other, and the aim of international cooperation for enhanced climate ambition through these, and their ability to reach the full potential, is limited. At present, some critical interventions and support needed by the global South for transitioning to low carbon pathways, is not covered under the several prevailing definitions of climate finance. In India, these include support measures for improving operational efficiencies of high-emitting industries, building cross-sectoral climate resilience and green infrastructure for rural development, which have the potential to generate sizable amounts of robust carbon mitigation assets. With the Global Stocktake drawing close, especially in the wake of the pandemic recovery, addressing these gaps will take centre-stage.

The 26th UN Climate Change Conference of the Parties (COP26), to be held from 1–12 November 2021 in Glasgow will aim to mobilize the action on mitigation, adaptation, and resilience, and strengthen the narrative for better alignment with sustainable development goals. TERI is preparing a COP26 Charter of Actions which will assimilate questions and challenges posed by keys sectors in India. The Charter will also propose probable and sector specific options which can advance climate action and ambition in the country.

With the above background, a stakeholder roundtable will be organized with the following objectives.

  • 1. Engage with stakeholders and experts on green finance to solicit feedback for the COP26 Charter of Actions.
  • 2. Solicit inputs from stakeholders and experts on aspects related to implications for the international community, equity, actions by 2030, and actions by 2050.

Speakers

Mr. Archie Young

UK Lead Climate Negotiator
Cabinet Office

Ms Chandni Raina

Economic Adviser
Climate Change Finance Unit, Ministry of Finance

Mr Shubhashis Dey

Director, Climate Policy
Shakti Sustainable Energy Foundation

Mr. Girish Joshi

Chief - Trading Operations & Listing Sales
BSE Limited

Mr Edwin Koekkoek

Counsellor on Energy and Climate Action
EU Delegation India

Ms Saumya Malhotra

Project Associate
The Energy and Resources Institute(TERI)

Mr R R Rashmi

Distinguished Fellow and Programme Director
The Energy & Resources Institute (TERI)

Ms. Tejaswini Raval-Kamat

Vice President & Head - ESG & Impact
EverSource Capital

Ms Priya Shankar

India Director, Climate and Environment Program
Bloomberg Philanthropies

Mr Pankaj Sindhwani

Chief Business Officer
Tata Cleantech Capital Ltd

Ms. Roshika Singh

Acting Country Manager, International Finance Corporation, India
World Bank Group

Ms Tamiksha Singh

Associate Fellow
The Energy and Resources Institute (TERI)

Ms. Namita Vikas

Founder and Managing Director
auctusESG

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The Energy & Resources Institute
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Email : wsds@teri.res.in
Ph. : +91 11 24682100 (Ext. : 2467)