Climate Finance Taxonomy: Mobilising Investments towards a Sustainable Future
On 23rd July, 2024, while presenting the Union Budget 2024-2025, the Finance Minister stressed the need to build “climate finance taxonomy” in order to enhance the availability of capital for climate adaptation and mitigation.
- In line with this, the Centre will create a taxonomy for climate finance to encourage investments in climate action.
What is Climate Finance Taxonomy?
- A climate finance taxonomy is a system that classifies which parts of the economy may be marketed as sustainable investments.
- Taxonomies for sustainable climate financing, in general, include a detailed list of economic sectors and activities and corresponding criteria that determine if it aligns ....
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