RBI to support India’s climate finance effort
The Hindu
The Reserve Bank of India (RBI) on Wednesday published its ‘Statement of Commitment to Support Greening India’s Financial System – NGFS’ to contribute to the global response required to meet the clima
The Reserve Bank of India (RBI) on Wednesday published its ‘Statement of Commitment to Support Greening India’s Financial System – NGFS’ to contribute to the global response required to meet the climate goals.
“The RBI broadly supports the NGFS [Network for Greening the Financial System] declaration. We commend the co-ordination efforts of NGFS in defining, promoting, and contributing to the development of best practices in climate finance through sharing experiences and best practices for climate risk management in the financial sector,” the RBI said.
“Specifically, the RBI, keeping in view our national commitments, priorities and complexity of our financial system, commits to:
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