Next week will mark an important shift from the Trumpian era when the new American president, Joe Biden, presides over a special meeting of world leaders to reshape the agenda on climate change. The renewed focus on climate change by the US administration comes amidst growing investor interest in green investments globally.
For India, this presents both a challenge and an opportunity. India will have to walk a tightrope between the demands of climate justice (much of global climate change is because of the past actions of developed markets) and the need to show commitment to a carbon-light future. The opportunity to make use of this push towards green investments can be realized only if financing constraints for renewable energy and other green initiatives can be eased.
