Making India’s climate taxonomy framework work

Making India’s climate taxonomy framework work

In May this year, the Ministry of Finance released India’s draft Climate Finance Taxonomy for public consultation. As a foundational tool, the taxonomy aims to mobilise climate-aligned investments, prevent greenwashing, and clarify for investors which sectors, technologies and practices contribute to mitigation, adaptation, or transition. Importantly, the document calls itself a “living” framework, adaptable to […]

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Taxonomy, clear definitions needed to prevent ‘greenwashing’, says RBI’s Rao

Taxonomy, clear definitions needed to prevent ‘greenwashing’, says RBI’s Rao

Reserve Bank of India (RBI) logo. File | Photo Credit: Reuters Reserve Bank Deputy Governor M. Rajeshwar Rao on Thursday called for a taxonomy on green finance to avoid the risk of “greenwashing”. Green financing refers to lending to environmentally sustainable economic activities. Speaking at an event organised by the Business Standard here, Mr. Rao […]

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