​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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