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Mobilization of Global Sustainable Capital Flows into India
- 14 Jul 2023
Recently, the International Financial Services Centres Authority (IFSCA) and Climate Policy Initiative - India (CPI) have signed a Memorandum of Understanding (MoU) to cooperate and increase the mobilization of global sustainable capital flows into India.
The key points are:
- Mobilization of Sustainable Capital Flows: The primary objective of the agreement is to increase the mobilization of global sustainable capital flows into India.
- Both IFSCA and CPI recognize the importance of sustainable finance in achieving the transition to green and resilient economies.
- Conducive Regulatory Environment: IFSCA has taken significant steps to create a regulatory environment that is conducive to sustainable finance.
- The organization has implemented international best practices in its regulatory framework to support the needs of India and other developing countries.
- Research Collaboration: The MoU includes provisions for research collaboration between IFSCA and CPI.
- The organizations will work together to conduct research in the field of sustainable finance, aiming to generate valuable insights and contribute to the development of sustainable finance practices in India.
- Support for Climate Investments: The collaboration between IFSCA and CPI recognizes the need for greater international capital flows to support climate investments in India.
- IFSCA, as the regulatory authority for IFSCs, can play a critical role in enabling climate investments from international sources through the capital markets route.
- Achievement of Sustainable Development Goals: The partnership aligns with the objectives of the Sustainable Development Goals (SDGs) by promoting sustainable finance and facilitating the mobilization of global capital towards sustainable projects.
- It supports India's efforts to achieve its SDG targets and contribute to global sustainable development.
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