In Short : Standard Chartered emphasized that clear green rules in India are crucial to unlocking investment in renewable energy. A standardized green taxonomy would provide regulatory clarity, reduce greenwashing risks, and attract more capital. With India’s renewable sector poised for major growth, establishing these rules is vital for meeting climate goals and fostering sustainable […]
Indian financial system needs a green taxonomy for resilience to climate risks: IEEFA – EQ Mag Pro
The RBI, with a taxonomy as an important tool, can expedite climate risk discovery in the banking system and steer credit towards sustainable activities. As long-time risk managers, risk carriers and investors, insurers would benefit from a green classification system to ascertain assets with little contribution to climate risks. As the biggest owners of financial […]