Decarbonization and Net Zero Goals
Public financial institutions are falling behind on climate commitments.
Public sector enterprises not only play a vital role in the electricity sector, but also contribute significantly to India’s economy and the social fabric of the country by employing over 15 lakh individuals. Given their vast interests in the coal value chain, they would need to become key change-makers, to not just help achieve India’s decarbonization commitments but to also ensure a just transition for all stakeholders.
A thorough tracking and analysis of public commitments to address climate change from more than 450 private financial actors across four financial sectors (asset owner, asset manager, commercial bank, insurer).
This blog highlights the urgent need for strong public policy and financial support in India to align two of the country’s largest CO2-emitting industrial sectors with long-term, low-carbon pathways.