Thread by @raisinadialogue

We are LIVE tweeting the discussion ‘Capial’ Conviction: The Road to Glasgow with @lordstern1 @jayantsinha and @AnnapurnaMitra. Join us live for an engaging session! #Raisina2021

.@AnnapurnaMitra: Since Paris, climate commitments have tilted more towards domestic growth strategies and unilateral targets rather than cooperation. This seems to be changing recently. But, there is a lot that needs to be done to enhance climate capital flows across borders.

.@lordstern1: The next two decades will be crucial for India’s development journey. India will face the most important economic, environmental and social transitions in history. #Raisina2021

.@lordstern1: These transitions will not be a cost but a historic opportunity. It will not close India’s options. Rather, it will expand India’s opportunities. It’s the only sustainable path for India and the planet. #Raisina2021

.@lordstern1: 6 dimensions which investment must drive forward:
-Energy transition with a doubling of electricity generation
-Sustainable transport
-Urbanisation
-Preserving and rebuilding natural assets
-Accelerating industrial and tech transformations
-Building resilience

.@lordstern1: Staying on a carbon-intensive path will lock India into capital and technology that will become progressively costly and unsustainable.

.@jayantsinha: There is no doubt that we need to get on a net zero trajectory. The private sector will play a critical role in driving this transition.

.@jayantsinha: The tradeoff between development and net-zero is a false one. To turbocharge development, we need to get on a net-zero pathway.

.@jayantsinha: One of the biggest investment opportunities of all times is the transition to a green economy. We have to realize the opportunity. We have to do this #now and we have to do this through the #privatesector.

.@jayantsinha: 3 crucial commitments to enable green investment:
-Clear and legally binding net-zero target
-Strong institutions
-Appropriate regulatory support

.@AnnapurnaMitra: How can we shape the international regulatory architecture to spur green investment?

.@lordstern1: The international finance system should support those policies and institutional structures that enable and catalyse green investment.

.@lordstern1: MDBs have a pivotal role in mitigating early-stage risks intrinsic to green infrastructure projects. Secondly, they must help in developing those projects into long-term, investible assets that the institutional investors can park their money in.

.@lordstern1: Public finance will be at the heart of the green transition. Delay in action on sustainability will make the public finance problem more intractable, not less.

We come to a close for our discussion ‘Capial’ Conviction: The Road to Glasgow with @lordstern1 @jayantsinha and @AnnapurnaMitra.Thankyou for joining us! #Raisina2021 #RaisinaDialogue