Sustainable development can best be achieved by allowing markets to work within an appropriate framework of cost efficient regulations and economic instruments. One of the major economic agents influencing overall industrial activity and economic growth is the financial institutions such as banking sector.

Volatile energy prices and growing environmental concerns have catapulted climate change to the top of corporate agendas of many industries. Until now, attention has focused on emissions-intensive industries, such as power generation and oil production. Yet climate change is a critical issue for all sectors of the economy.

This report examines the balance between India