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Updating its climate goals, India has pledged that by 2035, 60% of its installed electric capacity will comprise of non-fossil sources. It also aims to reduce by 47% the intensity of emissions per unit of GDP from 2005 level and to increase its carbon sink to 3.5 billion tonnes – 4 billion tonnes. These targets…
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In May this year, the Ministry of Finance released India’s draft Climate Finance Taxonomy for public consultation. As a foundational tool, the taxonomy aims to mobilise climate-aligned investments, prevent greenwashing, and clarify for investors which sectors, technologies and practices contribute to mitigation, adaptation, or transition. Importantly, the document calls itself a “living” framework, adaptable to…
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