IFSCA has published the First Report on Transition Finance by Expert Committee on Climate Finance. The Report on Transition Finance captures the recommendations by the Expert Committee under three pillars:
- Scope and definition of Transition Finance,
- Policy and Regulation,
- Financial Mechanisms and Instruments.
It emphasizes the role of transition finance in driving investments towards hard-to- abate sectors such as steel, cement, shipping, fertilisers etc. which are crucial for economic growth of India and other developing nations. The report offers strategic recommendations to IFSCA and policy makers by exploring global best practices and regulatory landscapes, to enhance the role of GIFT-IFSC as a gateway for attracting international climate capital flows in order to achieve India’s ambitious goal of achieving net-zero by 2070.
