Reserve Bank of India green focus likely to change way of financing

As the world suffers from unseasonal rains and cyclones, sporadic wildfires lasting days, reducing assets worth billions to ashes, extreme weather events have become a crucial component

The Reserve Bank of India (RBI) has started acceding priority to discussions around green finance and climate issues in its policy discussions, and this could be a meaningful stepping stone towards how Indian companies raise funds for their projects.
 
As the world suffers from unseasonal rains and cyclones, and sporadic wildfires lasting days, reducing assets worth billions to ashes, extreme weather events have become a crucial component in policymaking. European Central Bank, for example, has an official climate road map planned.
 
Central banks and Supervisors Network for Greening of the Financial System (NGFS) and the Basel Committee on