Climate report praises India for initiatives taken in clean energy field

Green loans were the second most popular at $109 billion

As the world moves towards green capital investment, there has been a boom in sustainable debt products.
 
Traditional modes of financing are now coming with Environmental, Social, and Corporate Governance riders, and emerging markets such as India are increasingly tapping into such resources.
 
However, issuances have remained concentrated in high-income countries.
 
“Global sustainable debt issuance has experienced exponential growth, reaching a record $730 billion in 2020, with high-income countries accounting for 77 per cent of the decade’s headline figure,” according to a report by the Climate Finance Leadership Initiative (CFLI). The CFLI, formed by former New York