Key challenge to mobilise green capital for developing economies: NK Singh
GS3Economy · S&T · Environment · Security· Growth, inflation & macro indicators· Mains·
Why in news
The Green Transition Board, chaired by N.K. Singh, held its inaugural meeting to strategize on mobilizing private capital and reforming Multilateral Development Banks (MDBs) for India's green transition.
Background
The board was chaired by former Finance Commission Chairman N.K. Singh and met at the London School of Economics. Its primary mandate includes de-risking private investments, reforming MDBs, and converting climate finance commitments into bankable projects.
Facts for Prelims
- PostN.K. Singh: Former Chairman of the 15th Finance Commission of India
- BodyMDBs: Multilateral Development Banks (e.g., World Bank, ADB) are key sources of international climate finance
- FactThe board's focus includes addressing barriers to technology transfer for clean energy
For Mains
Q. Discuss the institutional and financial mechanisms required to mobilize private capital for green infrastructure in developing economies like India.
Dimensions to cover in your answer
- De-risking mechanisms: Utilizing public resources to provide first-loss guarantees and credit enhancements for private investors
- MDB Reform: Addressing the capital adequacy and lending capacity of multilateral banks to fund large-scale climate projects
- Bankability gap: Converting high-level climate finance commitments into viable, project-specific investment opportunities
Keywords: Green Transition · Climate Finance · De-risking · Multilateral Development Banks · Private Capital Mobilization
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