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<p style=”text-align:justify”><span style=”font-size:11pt”><span style=”line-height:normal”><span style=”font-family:Calibri,sans-serif”><b><span lang=”EN-IN” style=”font-size:12.0pt”><span style=”font-family:"Calibri Light","sans-serif"”>Green GDP</span></span></b></span></span></span></p>
<p style=”text-align:justify”><span style=”font-size:11pt”><span style=”line-height:normal”><span style=”font-family:Calibri,sans-serif”><span lang=”EN-IN” style=”font-size:12.0pt”><span style=”font-family:"Calibri Light","sans-serif"”>Green GDP refers to a national accounting system of the utilization of the non-renewable</span></span></span></span></span></p>
<p style=”text-align:justify”><span style=”font-size:11pt”><span style=”line-height:normal”><span style=”font-family:Calibri,sans-serif”><span lang=”EN-IN” style=”font-size:12.0pt”><span style=”font-family:"Calibri Light","sans-serif"”>natural resources of any country and is now being envisioned as a part of sustainabledevelopment. The objective is to utilize the resources optimally, efficiently and effectivelyin furthering the growth of economies and at the same time a realization of their scarcityvalue. It is also believed that such an accounting will also pave the way for greater R&D for developing viable alternatives to the fast depleting non-renewable natural resources ofthe country.</span></span></span></span></span></p>
<p style=”text-align:justify”><span style=”font-size:11pt”><span style=”line-height:normal”><span style=”font-family:Calibri,sans-serif”><span lang=”EN-IN” style=”font-size:12.0pt”><span style=”font-family:"Calibri Light","sans-serif"”>Clearly, the biggest issue is that of absolute poverty which has to be addressed in prior,before one can talk about broader aspects of sustainable development. This not to say thatIndia should not address the issue of sustainable development, but addressing the needs ofthe poor is unquestionably the priority, of giving them the means of living and a hygienicdecent living standard.Thus, inclusive growth, sustainable development and green GDP are all differentterminologies, totally distinct from each other in their meaning but cannot be said to beindependent but inter-related in terms of their implications.</span></span></span></span></span></p>
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<p style=”text-align:justify”><span style=”font-size:11pt”><span style=”line-height:normal”><span style=”font-family:Calibri,sans-serif”><b><span lang=”EN-IN” style=”font-size:12.0pt”><span style=”font-family:"Calibri Light","sans-serif"”>Climate Financing</span></span></b></span></span></span></p>
<p style=”text-align:justify”><span style=”font-size:11pt”><span style=”line-height:normal”><span style=”font-family:Calibri,sans-serif”><span lang=”EN-IN” style=”font-size:12.0pt”><span style=”font-family:"Calibri Light","sans-serif"”>Climate finance means local, national or international financing through public, privateand alternative sources of financing. It is critical to addressing climate change as large-scaleinvestments are required to reduce climate change induced adversities.</span></span></span></span></span></p>
<p style=”text-align:justify”><span style=”font-size:11pt”><span style=”line-height:normal”><span style=”font-family:Calibri,sans-serif”><span lang=”EN-IN” style=”font-size:12.0pt”><span style=”font-family:"Calibri Light","sans-serif"”>Climate finance is equally important for adaptation strategies as there are requirementsfor significant financial resources to allow countries to adapt to the adverse effects andreduce the impacts of climate change.</span></span></span></span></span></p>
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