Landscape of Green Finance in India

The report details a comprehensive methodology for mapping green finance in India, focusing on mitigation activities across clean energy, energy efficiency, and clean transportation. It defines a taxonomy for green finance, identifies diverse data sources—including government budgets, OECD reports, and PSU financial statements—and establishes accounting principles to prevent double counting. The methodology employs specific proxy calculations for sectors like electric vehicles and rooftop solar, while utilizing a standard 70:30 debt-to-equity gearing ratio where specific project data is unavailable.

• The study adopts a specific taxonomy for green finance, focusing exclusively on emissions reduction and mitigation activities while explicitly excluding pollution abatement, biodiversity, agriculture, forestry, other land use (AFOLU), and most adaptation finance.
• Financial flows are categorized by source, with 'Public' including government-owned institutions, bilateral/multilateral development finance institutions, and PSUs, while 'Private' includes commercial financial institutions, NGOs, households, and corporations.
• The methodology tracks investments across three primary sectors: Clean Energy (e.g., wind, solar, hydro, clean coal), Energy Efficiency (e.g., smart grids, green buildings, process efficiency), and Clean Transportation (e.g., electric vehicles and charging infrastructure).
• To estimate transaction values from project-level data where values are missing, the study uses a proxy based on capacity addition (MW) and sector-wise capital cost norms from State-wise Electricity Regulatory Commissions (SERC) tariff orders.
• A standard gearing ratio of 70% debt and 30% equity is applied to compute project transaction values whenever the specific ratio is not reported in the database.
• The study excludes finance from green bonds and secondary market transactions, such as refinancing, mergers, and acquisitions, to prevent double counting of investments at the end-use level.

APA

Climate Policy Initiative (2022). Landscape of Green Finance in India. https://www.climatepolicyinitiative.org/wp-content/uploads/2022/08/Methodology-Document.pdf

Chicago

Climate Policy Initiative. Landscape of Green Finance in India. 2022. https://www.climatepolicyinitiative.org/wp-content/uploads/2022/08/Methodology-Document.pdf.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Landscape of Green Finance in India |date=August 2022 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2022/08/Methodology-Document.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2022landscape, author = {{Climate Policy Initiative}}, title = {{Landscape of Green Finance in India}}, institution = {Climate Policy Initiative}, year = {2022}, month = aug, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2022/08/Methodology-Document.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }