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Green finance market size could be $5.6 trn by 2047

India's commitment to the Paris Accord is not just a survival goal. It's India's opportunity to catapult itself among the "Great Powers"

Green finance market
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Green finance market

Sankar Chakraborti

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India’s commitment to “net zero” by 2070 is undoubtedly an ambitious goal, but we have achieved lofty goals in the past — be it the green revolution, polio eradication, or managing the fallouts of the pandemic. The challenge of achieving net zero, is not just technological, wherein companies need advanced solutions to overcome the limitations of unclean production processes. It’s more of a financial challenge.

Financing India’s growth over the next five decades will require innovative financing solutions. Ensuring not just growth but also transforming the economy away from conventional fuel and towards recycling will require the central and state governments,
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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