India’s central bank has estimated the country would have to spend Rs85.6trn ($1.1trn) to adapt to climate change by 2030. This came in a new report, Towards a Greener Cleaner India, published at the beginning of May.

“Central banks as financial regulators have several policy instruments at their disposal to influence investment decisions and the allocation of resources and credit to achieve the sustainability targets,” the report says, emphasising the role of disclosure requirements, environmental risk management and the proportion of total assets invested in sustainable projects. Read More