“This framework is more than a technical classification-it’s a strategic enabler for channeling capital into climate action, tailored to India’s unique development context. The taxonomy distinguishes between “climate supportive” and “transition” activities, acknowledging both the urgent need for decarbonisation and the realities of hard-to-abate sectors like steel, cement, and power. This graded, nuanced approach is critical for a country balancing rapid growth with climate ambition."
He adds, “By initially focusing on power, mobility, buildings, agriculture, and hard-to-abate industries, the taxonomy aligns with India’s economic priorities and emission profiles. The “living document” approach ensures flexibility as technology and policy evolve. It sends a clear signal to investors-domestic and global-about what counts as “green” or “transition” in the Indian context. It also acknowledges the need for proportionality and sector-specific pathways, rather than a one-size-fits-all approach.”
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