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In the current era, entire global economies are transitioning to sustainable development because of global warming and climate change. Due to turbulence in environmental issues such as weather shocks, climate change and basic infrastructure and industrial planning, many countries are changing their approach and taking green steps. This paper assesses sustainable finance in India and the ways in which India can mitigate climate changing risk toward zero carbon policy and supporting SDGs 2030. It talks about the physical and transitional climate risks in India like surface temperature, heat wave concourse, etc., and provides a comprehensive analysis of how the corporate sector is imparting its role in sustainable nature through corporate social responsibility (CSR). India is an emerging economy where energy is an essential component. This study analyzes about supply of energy and how India is shifting from traditional energy sources to renewal energy sources. Thus, the objective of this study is to focus on the initiatives taken by the Indian government for sustainable finance through green bond policy at national and international platforms using the Panchamrit framework adopted by India thereby focusing on India’s sustainable policy support for SDGs 2030. Also, this research proposes numerous recommendations for future sustainable finance research in the context to India, which includes developing and diffusing innovative sustainable financing instruments, magnifying, and managing the profitability and returns of sustainable financing, making sustainable finance more sustainable, and leveraging the power of new-age technologies for sustainable finance.
Kumar et al. (Sun,) studied this question.