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“Green finance is development finance – powering India’s just transition.”

Revised Green Credit Programme to Unlock Private Capital for Climate Action: Yadav.                                                                                                                          

Union Environment Minister Bhupender Yadav announced that the government has revised the Green Credit Programme (GCP) to enable direct private sector participation and enforce minimum ecological restoration commitments, creating a stronger framework to finance India’s energy transition. Speaking at FICCI’s LEADS 2025 conference, Yadav said the revised methodology, notified on August 29, forms part of India’s broader climate strategy to move beyond the implementation of Article 6 of the Paris Agreement. He emphasised that global green investments reached $1.8 trillion in 2023, yet emerging economies like India received less than 25% of the flows. With limited fiscal space, public finance alone cannot meet climate goals, making private capital crucial. India’s three-pronged approach under PM Modi includes treating climate finance as development finance, positioning early green investors in value chains, and pressing developed nations to scale commitments. Yadav stressed that high-integrity carbon markets can channel billions into mitigation for a fair and just transition.