Transition Towards a Green Economy: Role of Sustainable Finance in India
グリーン経済への移行：インドにおけるサステナブルファイナンスの役割 (AI 翻訳)
Ranali Wadia
🤖 gxceed AI 要約
日本語
本研究は、インドにおけるグリーン経済移行を支えるサステナブルファイナンスの役割を分析。グリーンボンドやESG投資を通じた資金動員の実態を概観し、政策・規制の枠組みと課題を整理。2024年までにGSS+市場は約559億ドルに達し、課題としてグリーンウォッシュや資金ギャップを指摘。ブレンデッドファイナンスや開示強化を提言。
English
This study analyzes the role of sustainable finance in driving India's green economy transition. It reviews the rapid growth of GSS+ instruments (green, social, sustainability, sustainability-linked bonds) to about USD 55.9 billion by 2024, and examines policy tools like sovereign green bonds and priority-sector lending. Key challenges include greenwashing, high costs, and fragmented standards. Recommendations include blended finance, stronger verification, and standardized taxonomies.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
インドの事例は、SSBJ導入後の日本にとっても参考になる。同国のグリーンボンド市場拡大やESG投資推進策は、日本のサステナブルファイナンス政策（グリーントランスフォーメーション基本方針、移行債など）の比較対象として示唆に富む。特に規格統一と検証強化の提言は、日本の開示インフラ整備に示唆を与える。
In the global GX context
India's experience offers a valuable benchmark for other emerging and developed economies scaling sustainable finance. The paper's empirical data on GSS+ market size and policy mapping (SEBI guidelines, RBI green deposit rules) provides insights for regulators crafting transition finance frameworks, such as the EU and Japan. The emphasis on blended finance and standardization addresses universal barriers.
👥 読者別の含意
🔬研究者:Provides empirical data on India's sustainable debt market growth and policy landscape, useful for comparative sustainable finance research.
🏢実務担当者:Corporate finance teams can learn from India's green bond issuance process and ESG investing trends to navigate their own sustainable finance strategies.
🏛政策担当者:Highlights regulatory measures to scale green finance, including blended finance and standardized taxonomies, relevant for transition finance policy design.
📄 Abstract（原文）
This study analyses how sustainable finance drives India’s shift to a green economy. Sustainable finance—notably green finance instruments, green bonds, and ESG investing—is vital for funding climate adaptation, resilient infrastructure, and renewable energy. Using a descriptive-analytical approach with secondary sources (RBI, SEBI, Climate Bonds Initiative, and academic literature), the paper maps market growth, regulatory developments, and policy initiatives. Objectives: (i) track market size and growth; (ii) assess contribution to economic growth and energy transition; (iii) evaluate enabling policies and regulations (NAPCC, SEBI guidelines, RBI green deposit guidance); (iv) identify barriers and scaling strategies. Findings show rapid expansion in sustainable debt (GSS+: green, social, sustainability, sustainability-linked). By 2024 India’s GSS+ market reached about USD 55.9 billion, and green bond issuance totalled roughly INR 11,678 crore by March 2026. Banks and policy tools (priority-sector lending, sovereign green bonds, transparency rules) mobilize finance for low-carbon projects, while green bonds and ESG adoption steer investment to transport and renewables. Key challenges include greenwashing risk, high financing costs, fragmented standards, limited investor awareness, and funding gaps for long-term adaptation. Recommendations include blended finance, stronger verification and reporting, standardized taxonomies and disclosures, and capacity building for financial institutions. The paper concludes that pragmatic regulatory and market measures can scale sustainable finance to meet India’s climate and development goals.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.5281/zenodo.21355613first seen 2026-07-16 05:13:55 · last seen 2026-07-16 05:13:56
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。