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India’s draft climate finance taxonomy needs clearer definitions, sectoral pathways, and mandatory transition-plan disclosures to unlock transition
Budget cuts and internal priorities in Europe threaten India's access to climate funds and clean tech, urging stronger ties with BRICS, South Korea, and Australia.
Climate change has now evolved into a systemic risk that is reshaping economic systems, governance structures, and the landscape within which India’s fiscal federalism operates. As climate impacts intensify, the existing foundation of inter-governmental fiscal transfers is being tested. As the 16th Finance Commission embarks on releasing its recommendations this year, it faces a critical opportunity to strengthen the alignment between India’s