December 15, 2024
India’s Green Finance Pool Rises to a Whopping  Billion, Domestic Sources Dominate, says Report
 #IndiaFinance

India’s Green Finance Pool Rises to a Whopping $65 Billion, Domestic Sources Dominate, says Report #IndiaFinance

Financial Insights That Matter

India’s tracked green finance reached an all-time high of Rs 4,804 billion ($65 billion) in FY2021/22, an average of FY 2020-21 and FY 2021-22, according to a recent report released by the Climate Policy Initiative (CPI), an analysis and advisory organisation with deep expertise in finance and policy. Annual estimates of mitigation finance for the financial year 2021/22 stood at Rs 3,712 billion ($50 billion), showing a 20 per cent increase since FY 2019/20, an average of FY 2018-19 and FY 2019-20. The report states that finance flows into adaptation also rose to Rs 1,092 billion ($15 billion) in FY2021/22.

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