To achieve India’s ambitious growth objectives and fulfil India’s Nationally Determined Contributions, green finance is imperative.
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To achieve India’s ambitious growth objectives and fulfil India’s Nationally Determined Contributions, green finance is imperative. #Climatechange #Finance #RBI Read More At: https://lnkd.in/g6zc6BPp
Navigating climate risks: India's financial sector gears up for transparency with RBI's draft guidelines
economictimes.indiatimes.com
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As India moves forward with its ambitious Carbon Credit Trading Scheme (CCTS), understanding the potential for revenue generation is crucial. Asia Society Policy Institute’s latest paper by Nishtha Singh, Alistair Ritchie, and Yi Chen, CFA examines how auctioning allowances can not only strengthen price signals that drive emissions reductions but also fund critical climate and energy initiatives. Read the report here: https://lnkd.in/dRM46AS9
Financing Just Transition Through Emission Trading Systems
asiasociety.org
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Union Finance Minister’s announcement of developing a taxonomy for climate finance is a critical step for India as it gears to meet the NDCs. Earlier in the year, UN’s report, Financing for Sustainable Development Report: Financing for Development at a Crossroads 2024, had aptly described the financing challenges at the heart of the climate crisis. As per the Reserve Bank of India, bridging the funding gap necessitates allocating 2.5% of India's annual GDP to green finance. A detailed taxonomy will define criteria to ensure that everyone agrees on what constitutes a true “green” investment aligned with a net zero trajectory and hence create a level playing field to attract investors. At Access Assist we are working with retail financial institutions and banks in India to understand how the taxonomy can help with targeted allocation of capital and also marking the existing portfolios from the lens of climate mitigation/adaptation. Taxonomy will only be good when complemented with data that maps end-use as well. #climatefinance #greenfinance #nationallydeterminedcontributions #sustainability #2030 #climaterisk #climateimpact #sustainabledevelopment Jaspreet Singh Rakhi Sahay Bhavna Dayal Nidhi Gupta Mukesh Sadana https://lnkd.in/ga9A5F_g
Budget 2024: India to develop a taxonomy for climate finance - Times of India
timesofindia.indiatimes.com
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In a significant move towards advancing India's climate finance framework, Union Finance Minister Nirmala Sitharaman announced plans to develop a taxonomy for climate finance. This initiative aims to enhance capital availability for both climate adaptation and mitigation efforts, aligning with global sustainable finance practices. In this article, our CEO, Ramnath Iyer shares his view on India's Union Budget announcements. #climaterisk #greenenergy #esg
Centre's move for climate finance taxonomy will standardise green bond, market: Experts By IANS
in.investing.com
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⭐️The Expert Committee on Climate Finance has submitted its first report on Transition Finance to IFSCA's Chairperson, Shri K. Rajaraman.* 📊Key highlights are : 🔹In a December 2023 address, the Prime Minister emphasized the need for sustainable finance for global growth and stability, highlighting Bharat's $10 trillion requirement by 2070 for the Net Zero Target. 🔹The Expert Committee, formed by IFSCA, provides a roadmap to develop a climate finance ecosystem with a focus on Transition Finance. Key areas covered include the scope and definition of Transition Finance, policy and regulation, and financial mechanisms. 🔹The report highlights the importance of transition finance for sectors like steel and cement and recommends strategies for GIFT-IFSC to attract international climate capital to help India achieve net-zero by 2070. ‼️Read Full report here #impactpod #impactpodfoundation #sustainability #datascienceforsustainability
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Our paper on Climate Risk and Climate Finance in the Middle East and Central Asia was launched today in Dubai at the World Governments Summit. Much thanks to Bozena Radziewicz-Bak, Yevgeniya Korniyenko, Filippo Gori, Gareth Anderson, Moheb Malak, Vaishnavi Rupavatharam, Mahmoud HARB, Dorothy Nampewo, Jiayi Ma 马佳艺, and Jerome Vacher. https://lnkd.in/eeT8vtfB We assess the impact of physical and transitions risks on the financial sector, the role of insurance, climate investment needs in the Middle East and Central Asia, the role of domestic financial sectors and features unique to the region (e.g. the role of sovereign wealth funds) in meeting those needs and provide a roadmap of policies to deal with these great challenges and opportunities. #climatefinance #climateadaptation #climateresilience #greenfinance #greenbonds #middleeast #menaregion #centralasia #caucasus #gcc #wgs #esg #financialsector
Preparing Financial Sectors for a Green Future: Managing Risks and Securing Sustainable Finance
imf.org
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India’s planned infrastructure investment of USD 130 billion in FY25, coupled with the introduction of climate finance taxonomies, signals a decisive move of the country towards sustainable development. Sandeep Kumar Mohanty, Partner and Leader - Climate and Sustainability Strategy, PwC India, discusses how these measures can enhance transparency, reduce greenwashing and foster innovation in climate finance. For more information on the Union Budget, visit our website: https://pwc.in/Budget2024 #Budget24withPwC #ClimateFinance #SustainableDevelopment #TogetherWeFuture #UnionBudget24
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India’s planned infrastructure investment of USD 130 billion in FY25, coupled with the introduction of climate finance taxonomies, signals a decisive move of the country towards sustainable development. Sandeep Kumar Mohanty, Partner and Leader - Climate and Sustainability Strategy, PwC India, discusses how these measures can enhance transparency, reduce greenwashing and foster innovation in climate finance. For more information on the Union Budget, visit our website: https://pwc.in/Budget2024 #Budget24withPwC #ClimateFinance #SustainableDevelopment #TogetherWeFuture #UnionBudget24
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Normalising Sustainability through Conversation & Impactful Storytelling for People and Planet 🌏 Climate Change Consultant | GIS Engineer 🗺️ 2x Linkedin News India Featured 📧 neetimahajanwork@outlook.com
Here's how banks can help achieve India's sustainability goals: #FinanceWrapIndia #LinkedInNewsIndia Last year I wrote a three-part series on Green Finance. From the very basics regarding how climate risks, lead to the need for requirements and disclosures and how apt disclosures lead to ratings; to how do sustainable finance instruments work and why should we encourage green finance. As discussions around climate finance, green bonds, social stock exchange and carbon markets are flourishing, just plugging my repository here! Risks, Ratings and Disclosures: https://lnkd.in/d_i_ipEw Green Finance Tools: https://lnkd.in/dc4ACeHJ Why should we invest sustainably: https://lnkd.in/diE6ZcS6 #greenfinance #sustainability #greenbonds #climatefinance
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𝗜𝗻𝗱𝗶𝗮 𝗘𝘆𝗲𝘀 𝗚𝗿𝗲𝗲𝗻 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻: 𝗚𝗼𝘃𝘁 𝗥𝗲𝘃𝗶𝗲𝘄𝘀 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗣𝗿𝗼𝗽𝗼𝘀𝗮𝗹𝘀 The Indian government is evaluating proposals to boost transition finance for high-carbon industries, aiding their shift to greener operations at lower interest rates. A proposed fund by state-run institutions aims to provide smaller companies with low-cost credit for scaling up eco-friendly projects. A taxonomy for climate finance is expected within 7-10 months, as announced in the budget, to encourage foreign investment and ensure robust green finance practices. #finance #news #GreenFinance #ClimateAction #TransitionFinance Source:- https://lnkd.in/gm_rPyD8
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