"For emerging economies like India, it is imperative to balance economic growth with low-carbon growth such that the two complement each other. Capital must hence be directed towards the low-carbon/carbon-neutral areas. cKinetics, together with Climate Policy Initiative (CPI), and supported by the Shakti Sustainable Energy Foundation have accordingly developed a Green Finance Taxonomy"
| Focus: |
Environmental, Social, and Governance |
| Publishing date: |
2019 |
| Version: |
Final |
| Voluntary / Mandatory: |
Voluntary |
Relevance to investor:
"Defines investment activities that generate a measurable impact or a demonstrable change from the current or base case."
A clear definition helps investors make the apt decisions, and scenario and risk analyses.
Objectives:
Defining ‘Green’ and ‘Green Finance’ in the Indian context
Institution behind the policy / framework:
- cKinetics
- Climate Policy Initiative
- Shakti Sustainable Energy Foundation
Target users: All Indian businesses and Investors
Components of the policy / framework:
Definition of Green Finance in the Indian context
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