CPI: Indian green finance flows falling short

India’s total green finance flows in 2019-2020 were approximately $44bn, significantly below the country’s estimated need, according to research from advocacy organisation the Climate Policy Initiative (CPI). Based on India’s nationally determined contributions under the Paris Agreement, CPI estimates that India needs $170bn of flows annually between 2015 and 2030. The data shows that targeted sectors for these flows of capital were primarily energy and transport. Additionally, CPI argues that significantly more private capital is necessary to increase green investment levels: “In the overall increase, public sector flows increased 179% and private sector flows by 130%. This shows increased commitment from public sources – both domestic and international. However, given the level of need and ambition, private sector finance mobilisation must significantly outpace public sector finance in the years to come.”