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publishes its 'Statement of Commitment to Support Greening India's Financial System NGFS'

  • Published
    10th Nov, 2021

The financial sector has a major role to play in shaping up a green and sustainable economy of the future. Elaborate. (150 Words)

Approach:

  • Introduce by highlighting the importance of decarbonizing and greening the economy for attaining the goals under the Paris agreement
  • Elaborate on how green financing can steer the world economy away from fossil fuels towards more sustainable alternatives
  • Discuss how green financing can be scaled up and the importance of carbon tax in this regard
  • Discuss the challenges that are present in the deepening of green financing
  • Conclusion
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