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Financing Climate Action: India in a Global Context
Chapter: Blended Capital Market Mechanisms for Critical Decarbonisation Projects in India This chapter addresses two critical decarbonization challenges in India: repurposing coal-fired power plants that dominate electricity generation and enabling MSMEs to adopt low-carbon technologies. The authors propose innovative blended finance mechanisms that leverage public capital to mobilize private investment from sustainable debt capital markets. […]
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Catalysing public capital for India’s critical minerals sector
India’s National Critical Mineral Mission commits $4 billion to secure critical minerals essential for clean energy transition, though this is modest compared to global needs. The article outlines innovative financing approaches to overcome the sector’s high risks—including volatile prices and lengthy project timelines—that have limited India to using less than 10% of its mineral potential. […]
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Enhancing Access to Multilateral Climate Funds by Developing Countries: A Way Forward
The paper, admitted as an official input paper for the G20 Sustainable Finance Working Group during the Brazilian Presidency, examines how to enhance developing countries’ access to multilateral climate funds (MCFs). It analyzes the current global public climate finance architecture, noting that while public climate finance nearly doubled from 2013-2021 to US$73.1 billion, accessing these […]
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Energising Australia’s green bank
The report examines Australia’s need for massive private investment to achieve its net-zero emissions target by 2050, requiring an estimated AUD1.5 trillion by 2030 and potentially AUD7-9 trillion by 2060. It analyzes the Clean Energy Finance Corporation (CEFC), Australia’s green bank with a AUD30.5 billion capital base, which achieved an impressive private capital mobilization rate […]
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Repurposing India’s coal power plants: Sustainability-linked green bonds as a financing solution
The article proposes sustainability-linked green bonds (SLGBs) as a solution for India to balance its growing energy needs with climate goals while addressing the sensitive issue of coal power plant retirement. It suggests that private utilities controlling 35% (73 GW) of India’s coal capacity could use SLGBs to finance the repurposing of coal plants into […]
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How to mobilise green finance for Indian micro, small and medium enterprises
The article discusses how India’s 63 million MSMEs, which contribute 30% of GDP and consume 20-25% of industrial energy, struggle to access financing for decarbonization despite high energy costs (10-30% of production costs). It proposes a green finance platform governed by SIDBI to help MSMEs access green bond capital, leveraging SIDBI’s AAA credit rating and […]