Green Finance and Climate Risk Mitigation in India

Co-hosted by GARP and the IIBF

The 2015 Paris Agreement formalized voluntary pledges by nearly 200 countries to reduce greenhouse gas emissions, with the goal of limiting the global temperature increase. India has aggressively added clean energy capacity over the last several years in support of its pledge, ranking third in the world for total renewable additions in 2021 behind China and the U.S.

While many organizations in India have taken steps toward achieving net-zero emission commitments, there is still much more work to be done to support carbon reduction and climate risk mitigation.

In this webcast we will explore the following key questions: 

•How is the growth and development of green financial products and markets supporting the achievement of net-zero goals globally?

•What are the perceptions of green investments among the Indian banking and financial sectors?

•What are the challenges and opportunities in adopting and expanding green financing activities within Indian financial institutions?

•Can adaption of green finance support India’s transition to a low carbon economy, and eventually, achievement of its net-zero objective?

•How prepared is the Indian financial system to assess the long-term impacts of climate risk, apply climate risk scenario analysis, and support vulnerable industries in their transition to a low carbon model?

Speakers

Mr. Sunil T.S. Nair, Chief General Manager, Department of Regulation, Reserve Bank of India

Dr. Soumya Kanti Ghosh, Group Chief Economic Advisor, SBI

Dr. Maxine Nelson, Senior Vice President, GARP Risk Institute