ESG & Investing
India’s Sustainable Finance Panel Backs Voluntary Carbon Market
This article is for subscribers only.
A panel of the International Financial Services Centres Authority has recommended the development of a voluntary carbon market and the creation of a global climate alliance among other measures to grow the sustainable financing ecosystem through India’s offshore financial services center, GIFT-IFSC.
The committee also recommended devising a framework for transition bonds, promoting regulatory sandbox for green fintech, and setting up of a platform for sustainable lending for small and medium enterprises, the federal government said in a statement.