Landscape of Green Finance in India 2024 – CPI

Year Published

2024

Contributing Organizations

Climate Policy Initiative (CPI)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic

Climate Finance Ecosystem

Topic 2

Climate & Transition Finance

Target Audience

All

Relevant Geography

Asia & the Pacific

Resource Description

This report (CPI, Dec 2024) maps India’s green finance flows in FY 2021/22 across mitigation and adaptation, highlighting progress, gaps, and policy priorities.

Why This Matters

Scaling green finance is essential for India to meet climate goals, strengthen adaptation, and avoid severe economic losses.

Key Insights

Mitigation finance rose to USD 50bn but covers only a third of NDC needs; adaptation grew to USD 15bn, mostly public-funded
Mitigation flows went mainly to clean energy, efficiency, and transport, with stronger private participation
Adaptation focused on agriculture and disaster risk management, almost entirely funded by government budgets
Debt is the dominant instrument, with equity and public spending also significant
Growth supported by sovereign green bonds, EV subsidies, and solar incentives, but private adaptation investment remains weak

Secondary File Resources

Secondary Resource Link(s)

The approach and methodology of tracking green finance flows in India

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