Climate
We have stayed in this property on the beach in Pondicherry several times in the last 10 years. This year the sea has taken back a large portion of the land has moved too close this beautiful property. This is the story of several of our coasts. Coastal restoration needs more focus in the rapidly changing climatic situation and increase frequency of extreme weather events.
[www.telegraphindia.com/world/ind...](https://www.telegraphindia.com/world/indias-wish-at-cop29-600-billion-in-grant-based-climate-finance-from-developed-countries/cid/2064004)
Climate finance must have a strong focus on additionality and supporting developing country in transition. The prevalent approach of classifying anything and everything under the climate finance (pure commercial finance being classified as climate finance just because it flows into some of the climate relevant sectors) is not going to address the need of financing these transitions.
Many of the climate actions still do not have economics and business model to absorb these commercial high return seeking capital.
#climatefinance #COP29 #ClimateAction