RBI deputy governor warns India could lose 3%-10% of GDP to climate risks by 2100.
The Reserve Bank of India's Deputy Governor, M. Rajeshwar Rao, stresses the need to assess climate change risks and implement measures to mitigate them, noting India could face a 3% to 10% GDP loss by 2100. The RBI has established a group to assess these risks and promote sustainable finance. Rao calls for India-specific climate data and suggests more public-private partnerships and blended finance options to support climate projects.
3 months ago
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