which is less than a fourth of India\u2019s green finance needs.<\/strong><\/p>\n\n\n\nThe report estimates that for India to achieve its Nationally Determined Contributions (NDCs) under the Paris Agreement, the country requires an approximate INR 162.5 lakh crores (USD 2.5 trillion) from 2015 to 2030 or roughly INR 11 lakh crores (USD 170 billion) per year.<\/p>\n\n\n\n
The evaluation of green finance flows focuses on three key real economy sectors: clean energy, clean transport, and energy efficiency. The study tracks both public and private sources of capital\u2014domestic and international\u2014and builds a framework to track finance flows to the end beneficiaries with an emphasis on bottom-up approaches based on actual investments rather than commitments, providing the most accurate analysis to date of where India\u2019s climate finance stands, the finance gaps it faces, and the opportunities that lie ahead.<\/p>\n\n\n\n
The report also provides a first-of-its kind evaluation of Adaptation financing for select sectors.<\/p>\n\n\n\n
\u201cThe report shows increased flows to renewable energy sectors, reflecting the positive role policy support has had in mobilizing investment. We hope to see a similar role being played in other sub-sectors like distributed renewable energy and clean mobility.\u201d<\/em><\/strong><\/p>\n\n\n\n\u2013 Neha Khanna, Project Manager and Lead Author, Climate Policy Initiative<\/strong><\/p>\n\n\n