Suggestions
Riya Saxena
Climate Finance | RMI India | UNDP | Asha Impact l LSE
Riya Saxena is an accomplished professional with a diverse educational background. She holds an MSc in Development Management, Development Economics, and International Development from The London School of Economics and Political Science (LSE). Her undergraduate studies include a Bachelor of Arts in Economics from Hans Raj College. Riya also pursued humanities at Vivek High School in Chandigarh, further broadening her academic horizons. Additionally, she participated in a Global Leadership and Development program at Brown University and a Cultural Exchange Programme at New England Girls' School in Australia.
Highlights
The Finance Minister has finally announced plans to establish a #climatefinance #taxonomy in the #Budget2024-2025, marking a significant milestone in India's sustainable finance journey. As a member of the secretariate to the Ministry of Finance's Working Group that developed the initial sustainable finance taxonomy draft in 2021, here are a few key takeaways from extensive consultations to develop a well-crafted climate finance taxonomy for India:
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Balance local nuances with global alignment, addressing India's unique social and environmental needs while harmonizing with international standards.
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Offer clear, practical guidance, backed by government endorsement and broad stakeholder adoption, to streamline sustainable investment decisions.
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Provide clarity on complex issues, maintain stringent green standards, and distinguish between transitionary and truly green activities, ensuring integrity and effectiveness.
Would love to hear thoughts from Karanraj Chaudri, Kaustav Sood, Neha Kumar, Dhruba Purkayastha, PhD, Neha Khanna, Labanya Prakash Jena, CFA, SCR, Shubhashis Dey, Raghav Anand, Sakshi Uberoi as discussions regain momentum.
#greenfinance #climatefinance
Non-Banking Financial Companies (NBFCs) play a crucial role in financing electric two and three-wheelers for low-income borrowers in India. However, unrated and small NBFCs face a significant challenge with an average cost of capital 600–800 basis points higher than banks and investment-grade NBFCs. This leads to e-2/3W loan terms being 5–14% costlier than traditional gasoline and diesel-powered vehicles.
To enhance the adoption of electric two and three-wheelers and support NBFCs in this sector, concessional capital providers can make a significant impact. Here are two key ways these providers can contribute to supporting NBFCs and the broader EV ecosystem in India.
https://lnkd.in/gVAuYzRz
Sameer Aggarwal, Marie McNamara
#NBFCs #ElectricVehicles #ConcessionalCapital #SustainableFinance #India #FinancialInclusion
