Renewable energy financing landscape in India

As India’s renewable energy sector growth continues to outpace all other global economies, as shown in a new report by the Institute for Energy Economics and Financial Analysis (IEEFA), the Budget announcement on issuing green bonds – which are among the most widely used instruments for funding green infrastructure – will massively support this trajectory. The union budget 2022 unveiled by India’s finance minister yesterday includes a plan for issuing sovereign green bonds for projects that will assist in reducing the carbon intensity of the economy.