India’s International Financial Services Centres Authority Backs Voluntary Carbon Market

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  • 14 Oct 2022
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India’s International Financial Services Centres Authority Backs Voluntary Carbon Market

A panel of the International Financial Services Centres Authority has recommended the development of a voluntary carbon market and the creation of a global climate alliance among other measures to grow the sustainable financing ecosystem through India’s offshore financial services center, GIFT-IFSC. The committee also recommended devising a framework for transition bonds, promoting regulatory sandbox for green fintech, and setting up of a platform for sustainable lending for small and medium enterprises.

Source: ESG News