India wishes $20 billion (about Rs 1.53 lakh crore) value of investments each and every yr to reach its local weather goals and fund its inexperienced transition, in line with a record.
The white paper by way of Ficci and Trilegal highlights that the rustic wishes a big funds allocation, world finance from bilateral and multilateral assets and inexperienced non-public investments.
The record additionally spotlights reforms within the energy sector for encouraging environmental, social and governance-led funding in India’s local weather transition.
Focussing on redefining company citizenship — the street to sustainability, the record main points how corporates can give a contribution to the sustainability schedule, non-financial metrics and control of environmental, social and governance (ESG) dangers.
As regulators actively incorporate ESG and sustainability elements into the prison framework, the techniques during which corporations function will exchange, it added.
”India wishes $20 billion value of investments each and every yr to reach its local weather goals and fund its inexperienced transition. It wishes a big funds allocation, world finance from bilateral and multilateral assets and inexperienced non-public investments,” the record said.
(With PTI investments)
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Printed on: Saturday, March 12, 2022, 04:39 PM IST