Supporting mitigation projects financially is not a challenge for large financial institutions due to their easy to quantify and tangible results. However, extreme weather events and associated risks of climate change are become starker and more frequent. Thus, addressing the challenges to obtain similar financial support for adaptation projects from mainstream financial institutions will be crucial in realizing climate goals, especially for countries and populations most vulnerable to climate impacts.

Watch Mr Dinesh P from NABARD elaborate on how NABARD has been employing climate finance to build resilience of India’s agricultural sector and ensure sustainable rural development, at the sidelines of our session on ‘Subnational Climate Action to Support India's Climate Goals’ at Connect Karo 2023.