28 NOV,2022 | MEDC
Given the impact of climate change as well as the ongoing global energy crisis, it is imperative for India to leapfrog technologically and transform itself into a green economy at the earliest. India’s banking and finance sector will play a key role in ensuring that the transfer of monetary resources needed for this transition is smooth and swift. Indian organizations which do not go digital and green risk their economic future, as they will hurt their ability to attract value or global capital, potentially damaging the sustainability of their growth prospects. Unless India's decarbonisation driveaccelerates, we could get marginalized in international trade and economic negotiations. There are bound to be both winners and losers in this transition, but proceeding seriously on the path of carbon-neutrality is no longer optional.
* Picture Credit -Google