DEA Invites Suggestions
from Experts/Public on Draft Framework of ‘India’s Climate Finance Taxonomy' by
25th June 2025
·
India's climate finance taxonomy will
facilitate greater resource flow to climate-friendly technologies and activities,
enabling India to achieve the vision of being Net Zero by 2070 while ensuring long-term
access to reliable and affordable energy
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Comments may be emailed to aditi.pathak[at]gov[dot]in by 25th June 2025 with the Subject
“Comments on the Draft Framework for the Taxonomy”.
In pursuance of the Union Budget 2024-25
announcement (Paragraph 104 of the budget speech) to develop India’s Climate
Finance Taxonomy, the Department of Economic Affairs, Ministry of Finance, invites expert/public
comments (format below) on the Draft framework. (CLICK HERE TO ACCESS — DRAFT FRAMEWORK OF INDIA’S CLIMATE
FINANCE TAXONOMY)
The Union Minister for Finance and Corporate
Affairs announced in the Union Budget 2024-25:
“We will develop a taxonomy for climate
finance for enhancing the availability of capital for climate adaptation and mitigation.
This will support achievement of the country’s climate commitments and green transition”
A Draft Framework of the Climate Finance
Taxonomy has been developed pursuant to this announcement. This framework outlines
the approach, objectives, and principles that will guide the taxonomy. It also details
the methodology for classifying activities, projects, and measures that contribute
to India's climate commitments, while also taking into account goals associated
with achieving Viksit Bharat by 2047.
The draft framework will be the basis for
developing sectoral annexures. The sectoral annexes will outline the measures, activities,
and projects considered climate-supportive, and those identified for promoting the
transition.
India's climate finance taxonomy aims to
facilitate greater resource flow to climate-friendly technologies and activities,
enabling the country to achieve the vision of being Net Zero by 2070 while also
ensuring long-term access to reliable and affordable energy. The Climate Finance
Taxonomy will serve as a tool to identify activities consistent with a country's
climate action goals and transition pathway.
Comments may be emailed to aditi.pathak[at]gov[dot]in by 25th June 2025 with the Subject “Comments
on the Draft Framework for the
Taxonomy”.
The comments received through public
consultation will be duly considered and examined, following which the Department
of Economic Affairs, Ministry of Finance, will release the Framework of India’s
Climate Finance Taxonomy.
Format in which the information/comments
may be provided:
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