Proceedings of the IBA IEA Conference on Economics and Public Policy (Ecofluence 2024)

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Green Finance for a Carbon-Neutral India: Opportunities, Challenges and Accelerating the Transition

Authors
R. Nithilaa1, *, G. Indhumathi2
1PhD Research Scholar, Department of Commerce, Mother Teresa Women’s University, Kodaikanal, India
2Assistant Professor, Department of Commerce, Mother Teresa Women’s University, Kodaikanal, India
*Corresponding author.
Corresponding Author
R. Nithilaa
Available Online 24 June 2025.
DOI
10.2991/978-94-6463-766-3_6How to use a DOI?
Keywords
Green Finance; Sustainable Development; low-carbon economy
Abstract

Green financing is crucial for India's transition to a low-carbon economy, given its significant carbon footprint due to a large economy and population of over 1.42 billion. With ambitious targets to reduce greenhouse gas emissions, India's Nationally Determined Contribution under the Paris Agreement aims to decrease its carbon intensity by 33–35 percent by 2030 compared to 2005 levels. Achieving carbon neutrality will require substantial changes in the energy, transportation, and industrial sectors, necessitating a surge in green finance and investment. This paper explore the role of green finance in India's low-carbon transition, focusing on three key aspects: understanding the relevance of green finance in reaching India's climate targets and transitioning to a low-carbon economy; assessing the efficacy of present green finance instruments and programs in India; and identifying the barriers and challenges preventing the widespread acceptance of green finance in the country. Through a conceptual analysis of green finance and its role in achieving carbon neutrality, this study examines the opportunities and challenges associated with this transition, utilizing secondary sources such as SEBI, Climate Bond Initiatives, and GRIHA over the past six years. The study also tabulates initiatives taken by government, public, and private stakeholders to promote the development of green finance in India.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the IBA IEA Conference on Economics and Public Policy (Ecofluence 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
24 June 2025
ISBN
978-94-6463-766-3
ISSN
2352-5428
DOI
10.2991/978-94-6463-766-3_6How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - R. Nithilaa
AU  - G. Indhumathi
PY  - 2025
DA  - 2025/06/24
TI  - Green Finance for a Carbon-Neutral India: Opportunities, Challenges and Accelerating the Transition
BT  - Proceedings of the IBA IEA Conference on Economics and Public Policy (Ecofluence 2024)
PB  - Atlantis Press
SP  - 95
EP  - 112
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-766-3_6
DO  - 10.2991/978-94-6463-766-3_6
ID  - Nithilaa2025
ER  -