Green Financing in India: Challenges and Opportunities for Sustainable Projects

Abstract

Green financing is an important part of India to plan to move towards a low-carbon, sustainable economy. It does this by giving money to projects that are good for the environment, like green energy, energy efficiency, and long-lasting infrastructure. This looks at the current state of green financing in India. It talks about the tools that help fund these kinds of projects, such as green bonds and climate finance efforts. It lists the main problems, such as inconsistent rules, high project costs, investors not knowing enough about them, and the idea of financial risks. Even with these problems, India has a lot of great chances to increase green finance through public-private partnerships, international climate funds, and the growth of the renewable energy industry. This paper looks at the problems and chances and offers ways to make the green finance ecosystem stronger. This is important for India to reach its climate goals and sustainable development goals. Green financing, a way to help projects that are good for the environment, have become very important to India's efforts to achieve sustainable growth. We look at how green financing can help support environmentally friendly projects like waste management, renewable energy, and long-lasting infrastructure in this study. It talks about the problems India is having with expanding green financing, such as regulatory problems, low knowledge, and financial risks. It also talks about the chances that green financing gives India to move towards a low-carbon economy and suggests policies that can help solve the problems that are already there.