March 14, 2025 12:12 PM

India has taken the lead in financing green energy projects: RBI Governor

India has taken the lead in financing renewable energy projects by including them under priority sector lending to accelerate the country's transition to a low-carbon economy in its fight against climate change. Addressing a policy seminar on Climate Change Risks and Finance, RBI Governor Sanjay Malhotra said, “Central banks in advanced economies have traditionally followed an asset-neutral approach. However, central banks in emerging markets and developing economies have adopted directed len...