Karikkan, Divya
Transition to green finance and the path to net zero banking in India - Economic & Political Weekly - 61(22), May 30, 2026: p.17-20
India’s commitment to net zero emissions by 2070 places new demands on its financial system, particularly banks, to reallocate capital and manage climate-related risks. This article examines India’s emerging green finance architecture, focusing on regulatory initiatives, green bonds, and institutional constraints. It finds that progress has been uneven: while green financing has expanded, mechanisms for managing transition risks remain weak. Gaps in taxonomy, regulatory coordination, and institutional capacity persist, underscoring the need to integrate climate risk and equity concerns into financial regulation.- Reproduced
https://www.epw.in/journal/2026/22/commentary/transition-green-finance-and-path-net-zero-banking.html
Transition to green finance and the path to net zero banking in India - Economic & Political Weekly - 61(22), May 30, 2026: p.17-20
India’s commitment to net zero emissions by 2070 places new demands on its financial system, particularly banks, to reallocate capital and manage climate-related risks. This article examines India’s emerging green finance architecture, focusing on regulatory initiatives, green bonds, and institutional constraints. It finds that progress has been uneven: while green financing has expanded, mechanisms for managing transition risks remain weak. Gaps in taxonomy, regulatory coordination, and institutional capacity persist, underscoring the need to integrate climate risk and equity concerns into financial regulation.- Reproduced
https://www.epw.in/journal/2026/22/commentary/transition-green-finance-and-path-net-zero-banking.html