CPI India Announces New Delhi Event to Promote Green Finance in India Report
- Muhammad Ahmad
- Nov 19, 2024
- 2 min read
Green finance stakeholders to gather for the launch of CPI’s report on 11 December 2024
CPI report outlines challenges, opportunities, and pathways for green financing in India
CPI India to launch its “Landscape of Green Finance in India” report at a New Delhi event on 11 December.
The report analyzes green finance flows for 2021–2022 and identifies a $2.5 trillion funding requirement by 2030.
Stakeholders will discuss solutions for scaling up green investments in priority sectors.
The Climate Policy Initiative (CPI) will host an event on 11 December 2024 at Juniper Hall, India Habitat Centre, New Delhi, to launch its “Landscape of Green Finance in India” report. This flagship report provides a detailed assessment of India's public and private green finance flows for 2021 and 2022. The event will bring together policymakers, industry leaders, and climate experts to explore pathways for bridging India’s green finance gaps.
This event is crucial as India works toward ambitious climate goals announced at COP26 in November 2021, including generating 500 GW of renewable energy by 2030 and achieving net-zero emissions by 2070. To meet these goals, India requires $2.5 trillion (INR 162.5 thousand crores) in financing between 2015 and 2030, equivalent to $170 billion (INR 11 trillion) annually. However, the current pace of climate finance flows falls significantly short, creating an urgent need for innovative solutions and collaborative action.
Technical Focus
India needs $2.5 trillion in green finance from 2015 to 2030 to meet its NDC goals. However, the current annual tracked flows amount to only a fraction of this requirement. The renewable energy sector receives 80% of the funding and has seen strong investment. Yet, other critical sectors remain underfunded, such as sustainable agriculture, water, and waste management. Addressing these disparities will require innovative financing models, enhanced public-private collaboration, and robust policy interventions.
The CPI report aims to catalyze dialogue and action to address India’s climate finance challenges. The findings highlight India’s economic and financial progress in green space while underlining critical gaps in funding flows for key sectors.
“At this pivotal moment, aligning finance flows with India’s ambitious climate and development goals is more important than ever,” stated a CPI spokesperson. “This report offers actionable insights to bridge funding gaps and accelerate transformational change.”
The event will also include panel discussions on creating an enabling environment for green finance, featuring perspectives from key stakeholders across the public and private sectors. The outcomes aim to chart a cohesive roadmap for mobilizing green finance at the scale required to drive India’s sustainable growth and climate resilience.