The Chief Minister of Goa announced that the state is now more confident in achieving its climate goals, thanks to the establishment of a Blended Finance Facility in partnership with the World Bank. This announcement was made during the signing of Memoranda of Understanding (MoUs) between the Department of Environment and key financial institutions such as NABARD, SIDBI, and PFC. The occasion was the inaugural session of the ‘India Climate and Development Partners’ Meet,’ a conference organized by the World Bank and the State Government, held in Panaji. This Notification was published on 20.02.2024.
Goa is hosting a special conference to tackle climate change from February 19 to 21, 2024. They’re launching a new way to fund projects that help fight climate change, with support from the World Bank. This is a big deal because Goa will be the first state in India to get this kind of funding. The idea is to use this money for projects that make Goa more resilient to climate change, like clean energy and protecting the environment. It’s all about finding smart ways to invest in projects that benefit both people and the planet. Goa’s leaders believe this funding will help speed up efforts to make the state more sustainable, with projects focusing on things like clean transportation, eco-friendly tourism, and better waste management. By teaming up with the World Bank, Goa hopes to attract more investment for these important projects. The World Bank is excited to work with Goa to make a positive impact on the environment and the lives of its people.
