Bhumika Saishri Panigrahi & Hindol Banerjee, KIIT School of Law, KIIT University, Bhubaneswar
In order to develop the Indian economy, foreign direct investments are imperative. It has been possible to attract varied foreign attention due to the robust liberalised structure and ratified policies. When it comes to foreign investments in renewable energy, India has made a huge jump forward from where it was just a few years ago. Furthermore, investment interest has soared, and the renewable energy market has proven to be immune to the Covid-19 pandemic. India has demonstrated remarkable resilience in the green energy industry, taking critical milestones and contributing to the major objective of sustainable development by closely adhering to the principle that "resources are solely ours."This is where ‘Green Finance' comes into play, as it becomes critical to channelize the flow of financial instruments across India in order to complete projects and future commitments that support the environmentally benign usage of renewable energy and their long-term development. Green finance in India is still in its early stages, but it has had a significant impact on India's future goals to adopt emission-free infrastructure and green growth targets. This article examines the topic of green finance and argues that it is a critical component of the renewable energy sector's ability to accomplish future goals in these exceptional times.
KEYWORDS: FDI, Government Initiatives, Green Finance, Renewable Energy, Sustainable Development, Pandemic