Primus In News
Rs 11 Lakh Cr Climate Finance Gap Threatens India's Green Goals
21-03-2025
Primus Partners' latest report highlights India’s urgent need to address its Rs 11 lakh crore annual green capital gap, which threatens the country's transition to a low-carbon economy. Despite global growth in climate finance, India requires Rs 162.5 lakh crore by 2030 to meet its climate goals, but current funding covers only 30% of the need. The report introduces the '3I Framework' (Instruments, Institutions, Incentives) to improve SME access to climate finance and emphasizes the importance of accelerating government-backed policies. It advocates for innovative financing models, a national carbon credit system, and standardized sustainability reporting to close the financing gap and support India’s sustainability ambitions.
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