Indian economy is struggling to come to terms with the unprecedented COVID Crisis. While the government authorities are focusing to bring down its impact on the other hand by safely restarting the activities the bigger challenges of climate change needs to be addressed on a war footing. The increasing floods, heat waves, storms etc. together put a loss of almost five per cent of our GDP. Even before the pandemic, we have seen fog, mist cover, polluted air in almost the entire North India and more particularly in the capital city leading to the closure of educational institutes, cancellation of trains and flight etc. To put in perspective the need of the hour is to facilitate Green finance investments which have a positive impact on the environment or reduce the risk of climate change. The only solution to these issues is Clean Power, Low Carbon Emission Transport, Energy-efficient real estate, climate favored agriculture. A huge fund outlay is required to achieve these goals, which is in other words is termed as Green Financing.
India’s energy sector is one of the fastest-growing in the world and it requires substantial investments to achieve the country’s climate goals.
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