ABSTRACT
This chapter discusses green finance initiatives (GFIs) promoted by India and deployment of funds raised thereby to the renewable energy (RE) sector. India is committed to net-zero emissions by 2070, which will require significant outlays. GFIs must accordingly be applied to attract and utilize funds for enhancing the share of RE in India’s energy mix. This study analyzes India’s policies on GFIs and their effectiveness in RE deployment, giving a comprehensive outlook of India’s efforts for raising green funds, while also providing a measure of asset cashflow and profitability to estimate the impact of GF on RE. Findings show that while GFI RE development policy is favorable, India is still falling short of its annual green fund targets. Policy is thus insufficient by itself in enabling large-scale GF in RE from domestic and international private players alike.
