Building a consensus on the definition of green finance

A universally accepted definition of green finance is not available yet, although several initiatives are ongoing across countries as also led by many international organizations. Given that the green priorities vary across countries, the efforts to define green finance are not necessarily aligned with each other even as the focus is on common end-goals. This report has taken the first step in defining “green” in context of India’s NDC commitment and economic goals. A formal definition of green finance relevant to India will set the agenda for progress in the next few decades and help foster an environment of transparency, sharing and commitment to green goals.