Finance Ministry unveils draft ‘climate taxonomy’ document to aid clean energy investment

Finance Ministry unveils draft ‘climate taxonomy’ document to aid clean energy investment

India's Finance Ministry unveils draft 'Climate Finance Taxonomy' to guide investments towards clean-energy projects and climate resilience.

India’s Finance Ministry Issues Draft Climate Finance Taxonomy, Targets Billions for Climate Action

The Government of India has taken a significant step towards accelerating the nation’s green transition by releasing the draft framework of India’s Climate Finance Taxonomy. Announced by the Ministry of Finance in line with the 2024-25 Union Budget, the draft aims to channel much-needed capital into climate adaptation and mitigation efforts, supporting India’s commitment to achieve net zero emissions by 2070 and the developmental vision of ‘Viks…

India Releases Draft Climate Finance Taxonomy to Drive Capital to Net Zero Goals

India’s Ministry of Finance announced the release of a draft framework for its Climate Finance Taxonomy, its classification system for identifying sustainable economic activities aligned with its climate goals, aimed at enabling the facilitation of major capital flows required to support the net zero transition, while preventing greenwashing. India has set a series of climate […]