India could struggle to meet its green targets without a so-called ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#SME#href” href=”https://economictimes.indiatimes.com/topic/taxonomy” target=”_blank”>taxonomy framework, which creates guardrails around what can pass as climate finance, according to ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#SME#href” href=”https://economictimes.indiatimes.com/topic/standard-chartered-plc” target=”_blank”>Standard Chartered Plc.The country needs clarity “around taxonomy as it is still in the works,” said ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#SME#href” href=”https://economictimes.indiatimes.com/topic/shobana-chawla” target=”_blank”>Shobana Chawla, head of sustainable financing for South Asia at the bank, speaking in an interview. “Once finalized, it will give a fillip to the banks,” she said.
In theory, a taxonomy would help clarify an investment’s green credentials and mitigate greenwashing. India…
