Green Finance for a Carbon-Neutral India: Opportunities, Challenges and Accelerating the Transition

R. Nithilaa and G. Indhumathi
Additional contact information
R. Nithilaa: Mother Teresa Women’s University, PhD Research Scholar, Department of Commerce
G. Indhumathi: Mother Teresa Women’s University, Assistant Professor, Department of Commerce

A chapter in Proceedings of the IBA IEA Conference on Economics and Public Policy (Ecofluence 2024), 2025, pp 95-112 from Springer

Abstract: Abstract Green financing is crucial for India's transition to a low-carbon economy, given its significant carbon footprint due to a large economy and population of over 1.42 billion. With ambitious targets to reduce greenhouse gas emissions, India's Nationally Determined Contribution under the Paris Agreement aims to decrease its carbon intensity by 33–35 percent by 2030 compared to 2005 levels. Achieving carbon neutrality will require substantial changes in the energy, transportation, and industrial sectors, necessitating a surge in green finance and investment. This paper explore the role of green finance in India's low-carbon transition, focusing on three key aspects: understanding the relevance of green finance in reaching India's climate targets and transitioning to a low-carbon economy; assessing the efficacy of present green finance instruments and programs in India; and identifying the barriers and challenges preventing the widespread acceptance of green finance in the country. Through a conceptual analysis of green finance and its role in achieving carbon neutrality, this study examines the opportunities and challenges associated with this transition, utilizing secondary sources such as SEBI, Climate Bond Initiatives, and GRIHA over the past six years. The study also tabulates initiatives taken by government, public, and private stakeholders to promote the development of green finance in India.

Keywords: Green Finance; Sustainable Development; low-carbon economy (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-766-3_6

Ordering information: This item can be ordered from
http://www.springer.com/9789464637663

DOI: 10.2991/978-94-6463-766-3_6

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().