Published Paper Details:

Energy production and consumption are crucial for nations aiming for economic growth, but they also lead to significant environmental damage. India, in its transitioning phase from fossil to cleaner energy sources, faces the dual challenge of meeting rising energy demands while addressing climate change. This paper examines how green finance can facilitate the transition to clean energy in India. It highlights the importance of green finance in fostering sustainable development and assesses the current financial landscape supporting renewable energy initiatives. The focus is on government initiatives, loan portfolios, and the fund contributions from IREDA and REC Ltd. A descriptive and qualitative approach is employed to underscore finance as essential to business. Additionally, it reflects the financing patterns of these institutions, including their loan sanctions, loan disbursements, and issuance of green bonds to support clean energy in India.