India's Climate Finance Taxonomy: A Path to Net Zero

The Finance Ministry invites feedback on a draft climate finance taxonomy to promote investments in sustainable technologies. This taxonomy aims to guide resource allocation to help India achieve net zero by 2070, aligning with long-term energy and climate commitments, and the vision for Viksit Bharat by 2047.

The Finance Ministry has called for public input on its proposed climate finance taxonomy framework. This initiative is designed to channel investments towards sustainable technologies, contributing to India's ambition of reaching net-zero emissions by 2070.

The framework sets forth the methodology and principles for classifying projects that align with India's climate goals, including the 2047 vision for Viksit Bharat. The draft will inform the creation of sector-specific annexures detailing climate-supportive measures.

The effort underscores the Finance Ministry's commitment, as highlighted by Finance Minister Nirmala Sitharaman, to foster capital availability for climate adaptation and transition. Stakeholders have been given a deadline of June 25, 2025, to submit their feedback.

(With inputs from agencies.)