The transition from a brown to a green economy in India demands a meticulous understanding of the associated risks and the financing required to facilitate this transformation.
Highlights: India needs to mobilise US$10 trillion to realise its net zero emissions target by 2070 It requires seamless integration of environmental imperatives and financial decision-making International banks extend green loans on preferential terms to companies with sustainable endeavours Green taxonomy will help standardize and create transparency in sustainable procedures Simultaneously, banks must leverage internal capabilities towards effective green financing Taxonomy must align with global standards to ensure cross-border investments India's resolve to take on climate-related challenges is underscored by a suite of policy measures aimed...