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Data tagging absent in green finance despite rising demand: Study

Climate Policy Initiative, a global analysis and advisory organisation specialising in sustainable finance, is planning to launch a portal to track such investment in the country

Renewable Energy, solar, wind, clean, green
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RBI's annual report talks about lending for renewable power and priority sector norms, too, have spelt out the same, but a clear definition of green finance is not available

Jyoti Mukul New Delhi
Green investment in India outpaced India’s GDP growth during two years starting April 2016. While GDP grew at an average rate of 7.2 per cent during the period, tracked investments suggest an increase of 24 per cent.

While this indicates green investments have the potential for driving the nation’s economic growth, there is no clear definition of such investment in India.

Climate Policy Initiative, a global analysis and advisory organisation specialising in sustainable finance, is planning to launch a portal to track such investments in the country.

Mahua Acharya, Asia director, Climate Policy Initiative, said: “There is lot of climate