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ARTICLE · 22 MAY 2025

Climate Finance Taxonomy - A Greenlight For Green Finance

Khaitan & Co.
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Pursuant to the announcement to develop India's Climate Finance Taxonomy in the Union Budget 2024-25, the Department of Economic Affairs...

IndiaEnvironment
Siddharth Srivastava
Siddharth Srivastava
Henna Vadhera
Henna Vadhera
Abhilash Kumar
Abhilash Kumar
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Introduction

Pursuant to the announcement to develop India's Climate Finance Taxonomy in the Union Budget 2024-25,the Department of Economic Affairs, Ministry of Finance, has invited expert comments on the Draft Framework for India's Climate Finance Taxonomy (Framework). The Framework chalks out the principles that will steer the Framework and prescribes the methodology for classifying activities, projects and measures that contribute to India's climate commitments, in consonance with the objectives allied with attaining Viksit Bharat by 2047. The Framework targets to allow greater flow of resources to climate tech and activities, enabling the country to achieve the vision of becoming 'Net Zero' by 2070, while also warranting long-standing access to reliable and inexpensive energy.

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