Green Finance in India

Abstract

Green finance is fast emerging as a priority for public policy. This paper reviews the developments in green finance globally and in India. We use a variety of data sources to assess both the extent of public awareness (Google Trends) and financing options (bank credit and bond issuances) for green projects. Our findings indicate that while there have been improvements in public awareness and financing options in India, a reduction in asymmetric information through better information management systems and increased coordination amongst stakeholders could pave the way towards a greener and sustainable long term economic growth.