International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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India's Climate Leadership in Global Transition: Financing Sustainable Development Through Green Technologies and Policy Innovation

Author(s) Dr. G. Nagoji
Country India
Abstract India has emerged as a pivotal player in global climate governance, demonstrating remarkable leadership through innovative policy frameworks, ambitious renewable energy targets, and comprehensive financing mechanisms for sustainable development. This paper examines India's multifaceted approach to climate action, analyzing the country's transition from a traditional developing economy to a green technology pioneer. Through the National Action Plan on Climate Change (NAPCC), India has established eight national missions addressing renewable energy, energy efficiency, sustainable agriculture, and climate adaptation. The country's renewable energy sector has witnessed unprecedented growth, with installed capacity reaching 175 GW by 2023, supported by policies like the National Solar Mission and Production Linked Incentive schemes. India's climate financing architecture encompasses domestic mechanisms such as the National Clean Energy Fund, international partnerships including the International Solar Alliance, and innovative instruments like green bonds and climate risk insurance. The paper analyzes key data trends showing India's progress toward its Nationally Determined Contributions (NDCs), including a 33% reduction in emissions intensity between 2005-2014 and commitments to achieve 500 GW renewable capacity by 2030. Despite challenges including energy access inequalities and financing gaps, India's integrated approach combining technology innovation, policy coherence, and international cooperation positions it as a leader in the global clean energy transition, offering valuable lessons for other developing nations pursuing climate-compatible development pathways.
Keywords Climate leadership, green technology, sustainable development, renewable energy, climate finance, policy innovation, India, NDCs, clean energy transition
Published In Volume 7, Issue 2, March-April 2025
Published On 2025-03-07
DOI https://doi.org/10.36948/ijfmr.2025.v07i02.53944
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