India leads in renewable energy financing initiatives

zeenews.india.com

India is leading in financing renewable energy projects by including them in priority sector lending. This aims to support the country's shift to a low-carbon economy, according to RBI Governor Sanjay Malhotra. The Reserve Bank of India is facilitating green finance by creating a Climate Risk Information System to address data gaps. This repository will provide standardized datasets for assessing climate-related financial risks. Malhotra announced plans for a dedicated cohort on climate change risks under the RBI's Regulatory Sandbox and a special "Greenathon" to promote innovative solutions in sustainable finance. Draft guidelines on climate-related financial disclosures are also being finalized.


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India leads in renewable energy financing initiatives | News Minimalist