{"id":64768,"date":"2023-02-27T17:29:49","date_gmt":"2023-02-27T17:29:49","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&p=64768"},"modified":"2024-08-19T14:59:09","modified_gmt":"2024-08-19T13:59:09","slug":"just-finance-india-mobilising-investment-for-a-just-transition-to-net-zero-in-india","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/just-finance-india-mobilising-investment-for-a-just-transition-to-net-zero-in-india\/","title":{"rendered":"Just Finance India: Mobilising investment for a just transition to net zero in India<\/strong>"},"content":{"rendered":"\n

This report contains results of the second phase of the India Just Transition Finance Roadmap (JTFR) project. The project has been developed as a partnership between Environment Management Centre Pvt Ltd (EMC), the Grantham Research Institute on Climate Change and the Environment, and British International Investment (BII).<\/p>\n\n\n\n

Summary recommendations<\/h2>\n\n\n\n

Based on feedback from key policy, finance, investment and non-governmental organisation (NGO) stakeholders, the report sets out 10 recommendations for action to mobilising private investment for a just transition in India, with a special focus on the upside opportunities of green jobs and skills.<\/p>\n\n\n\n

1. Strategy: <\/strong>Incorporate just transition principles into sustainable finance policy to provide the incentives and regulatory signals for private investors, including an operational definition of the just transition.<\/p>\n\n\n\n

2. Business: <\/strong>Stimulate India’s corporate sector to set up a just transition task force to include key social factors in their net zero plans, actions and disclosures.<\/p>\n\n\n\n

3. Corporate social responsibility (CSR): <\/strong>Integrate just transition priorities into CSR spending programmes by businesses.<\/p>\n\n\n\n

4. Investors: <\/strong>Investors, banks and capital markets need to factor in just transition principles to their net zero plans, business engagement and capital allocation.<\/p>\n\n\n\n

5. Innovation: <\/strong>Encourage just transition financial innovation and undertake pilots for place-based investment in coal-dependent regions.<\/p>\n\n\n\n

6. Foreign investment: <\/strong>Utilise the International Financial Services Centre at Gujarat International Finance Tec-City (GIFT) to attract foreign just transition investment.<\/p>\n\n\n\n

7. Micro, small and medium-sized enterprises (MSMEs): <\/strong>Develop a dedicated just transition strategy to enhanced access to finance for India’s MSMEs.<\/p>\n\n\n\n

8. International public finance: <\/strong>Deploy capital and expertise from multilateral development banks (MDBs) and development finance institutions (DFIs) to support the just transition as part of achieving India’s long-term climate goals. Of particular importance will be supporting green jobs and skills development.<\/p>\n\n\n\n

9. Blended finance: <\/strong>Draw on MDBs and DFIs to introduce blended finance solutions to crowd in private capital for the just transition.<\/p>\n\n\n\n

10. International cooperation: <\/strong>Cooperate with international partners to scale up climate finance for just transition in India as well as within the G20 and United Nations.<\/p>\n\n","protected":false},"excerpt":{"rendered":"\n

This report contains results of the second phase of the India Just Transition Finance Roadmap project. <\/p>\n\n","protected":false},"author":23,"featured_media":64782,"template":"","tags":[2384,4310,4311,210,1712,4469,1160,1289,1689],"publication-type":[1682],"topic_area":[4694,4713,4705,4706,4708],"class_list":["post-64768","publication","type-publication","status-publish","has-post-thumbnail","hentry","tag-blended-finance","tag-csr","tag-dfis","tag-india","tag-investing-in-a-just-transition","tag-jtf","tag-just-transition","tag-mdbs","tag-msmes","publication-type-policy-publications","topic_area-policy-evaluation","topic_area-global-financial-system","topic_area-leadership","topic_area-major-emitting-countries","topic_area-just-transition"],"acf":{"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"1","type":false,"post_type":""},"show_translations_widget":{"ref_value":"field_6203d588c41e8","value":"0","type":false,"post_type":""},"downloads":{"ref_value":"field_52f16cc1a80f2","value":["https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2023\/02\/Just-Finance-India.pdf"],"type":"download","post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["prasad-modak","nick-robins","?post_type=profile&p=64775","sabrina-muller","sivaranjani-subramanian","brendan-curran"],"type":"relationship","post_type":"profile"},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"\nJust Finance India: Mobilising investment for a just transition to net zero in India - 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