New Delhi, March 20 -- Expressing concern over a lack of adaptation finance, minister of state for environment, forest and climate change (MoEFCC) Kirti Vardhan Singh stressed on an increase in international finance-public, grant-based and concessional-to accelerate climate action.

"Adaptation finance remains a major challenge. With limited private sector investment, the annual funding gap runs into hundreds of billions. The UNEP Adaptation Gap Report 2024 also highlights that financing is not keeping pace with needs, delaying adaptation efforts," the minister said while presiding over the inaugural session of the conference titled 'India 2047: Building a Climate Resilient Future.' UNEP is the United Nations Environment Programme.

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