November 21, 2024
Can Green NBFCs Take Climate Finance to the Last Mile? #IndiaFinance

Can Green NBFCs Take Climate Finance to the Last Mile? #IndiaFinance

CashNews.co

Although India receives climate finance from a variety of sources including the Union Budget, international organisations (like the International Finance Corporation and the Asian Development Bank), bilateral donors and private investors, the funding gap remains daunting. For example, although the World Bank group advanced $31 billion in climate finance to India in FY 2024, it still fell woefully short of its requirements.

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