New Delhi, Sept. 11 -- India's environment, forest and climate change minister Bhupender Yadav on Thursday said green finance-investments directed towards projects or companies that have a positive environmental impact-was no longer a niche sector as it now forms the "backbone of resilient, competitive economies". He acknowledged India's climate transition would demand massive funding.

Highlighting the green finance gap, Federation of Indian Chambers of Commerce & Industry's (Ficci's) president Harsha Vardhan Agarwal said global green investments had crossed $1.8 trillion in 2023. Yet, emerging economies such as India had received less than a quarter of this funding, Agarwal said. This financing gap threatens to undermine the climate com...