The Government of India is developing a Climate Finance Taxonomy to boost capital availability for climate adaptation and mitigation. This initiative supports India's climate commitments and green transition, aiming for Net Zero by 2070.
Key Objectives:
- Facilitate resource flow to climate-friendly technologies and activities
- Identify activities aligned with India's climate action goals
- Support long-term access to reliable and affordable energy
Draft Framework:
A draft framework outlines the approach, objectives, and principles guiding the taxonomy. It details the methodology for classifying climate-supportive activities and projects.
Next Steps:
The draft framework will serve as the basis for developing sectoral annexures, outlining measures, activities, and projects that promote India's climate commitments and Viksit Bharat vision.
(Source : Government of India,Ministry of Finance Department of Economic Affairs)
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