PARIS COP21

ASSOCIATED PRESS

Why India's Demand For UN Tax Committee Holds The Key To Funding The Paris Deal

Achieving the goal of the Paris Agreement will require a major shift away from the fossil fuel-based economies of today to a more sustainable and green economy. Such a transition, needless to say, will be enormously expensive. The main source of financing will be public funds, essentially raised through taxation by the government. It is here that an ongoing reform effort at the United Nations must be brought into the picture -- the campaign for an intergovernmental tax committee.
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Instruments Of Change: Raising Investments For India's Climate Commitments

Public-private collaboration will be essential to raising the finance needed for India's cleaner growth. While the right domestic policies will be key to facilitating finance, greatly scaling up investment from the private sector will be the only way to mobilise the full amount of capital needed to meet India's renewable energy targets. In order to scale up private investment, India needs financial instruments for renewable energy and other green infrastructure that are a better match with investors' needs.

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