Post-pandemic boom in ESG funds fades; $24 billion exited globally in 2024
ESG stocks, including solar and wind, underperform broader markets
President-elect Trump may undo Biden's climate policies as GOP states oppose ESG, calling it "woke capital"; US ESG funds decline for two years
Decline in ESG finance could stall green transitions in nations like India
Concessional private funding opportunities dwindle as global focus shifts
Bureaucratic inaction hampers green finance taxonomy in India
Lack of harmonised regulations deters international investors
EU, Indonesia, and Sri Lanka adopt clear, interoperable ESG guidelines
India risks being left behind by reinventing regulatory wheels
Adopt EU-like taxonomies, focus on green steel, align with global initiatives, and attract private capital with simplified, clear regulations