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10 Nov 2023
10 Nov 2023
This article was contributed as a chapter to the IIC’s handbook titled ‘India Impact Investing: A multidimensional view on enabling social impact’. You may access the complete handbook here.
India’s significant greenhouse gas emissions, high vulnerability to the impacts of climate change and fast-paced development require for rapid innovation systems and timely, adequate, and targeted financial resources to unlock and bring climate action into the mainstream. The same also has to scale up and accelerate sustainable development. Limited climate related investments continue to be one of the biggest barriers to achieving India’s ambitious emissions reduction targets, with estimates indicating that India could face an investment shortfall of $3.5 trillion in achieving its net-zero target . Public finance will be largely insufficient, requiring the private sector to play a crucial role in closing the financing gap and accelerating green finance.
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