Mentor’s comment-
- https://www.orfonline.org/
expert-speak/the-enduring- challenges-in-mobilising- green-finance/ - https://indianexpress.com/
article/opinion/columns/bonn- meet-shows-slim-chance-of- action-on-climate-change- 8025526/ - In the intro, mention the COP27 to be held at Sharm-el-Sheikh primacy of the issue of climate finance in it.
- In the body mention the various sources and instruments available such as international financial institutions, UN agencies, multilateral and bilateral agencies and the private sector. In the reasons for bias mention the difficulty in doing cost-benefit analysis in case of adaptation measures, also mention the public good nature of the adaptation measures.
- Conclude by mentioning the need to come to an agreement on the amount of climate fund needed and using it appropriately on mitigation and adaptation measures.
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Hello
Introduction is fine, 1-2 lines on importance of climate finance will be good(you can mention the seriousness of global warming by mentioning some data).
Sources of finance are fine, funding by UN agencies, the GCF mechanisn and by bilateral and multilateral government financing- can also be mentioned.
Next part is not upto the mark. Both mitigation and adaptation are important and there is really no choice b/w both. However, there has been a bias in funding towards mitigation activities, you need to mention the causes for that.
Causes – difficulty in doing cost-benefit analysis in case of adaptation measures, longer gestation period of adaptation projects, public good nature of the adaptation measures because clear linkage with investment and returns can’t be established.
In conclusion, you can mention need to take a holistic view of climate change and increase funding towards adaptation measures too.
Read a bit more about the topic, you can go through the articles attached.
Keep practicing. 🙂