Undertaken By: Climate Policy Initiative, Recent Publication: 2020
Achieving India’s NDC mitigation targets requires approximately $1 trillion in investments till 2030. As India begins to implement its plans for its energy transition, being able to compare the current supply of clean energy investment with the investment needed would allow for the development of clear action points to close the gaps. However, there is currently no systematic approach to assessing progress towards these goals within the Indian financial system.
Progress towards the greening of global financial systems relies greatly on tracking financial flows towards designated green activities as well as mainstream financial risk management related to environmental, social and governance (ESG) issues. These indicators can enable the measurement of transparency, efficacy, resilience and efficiency of greening efforts at all levels.
This initiative aims to build a detailed tracking system to monitor climate mitigation related clean energy finance flows in India.