New Delhi, May 8 -- :The Finance Ministry's Department of Economic Affairs on Wednesday invited expert comments on the draft framework to develop India's Climate Finance Taxonomy to facilitate greater resource flow for climate-friendly technologies and activities to achieve the country's vision of being net zero by 2070.

While presenting the Union Budget 2024-25, Finance Minister Nirmala Sitharaman had said: "We will develop a taxonomy for climate finance for enhancing the availability of capital for climate adaptation and mitigation. This will support achievement of the country's climate commitments and green transition."

A draft framework of the Climate Finance Taxonomy has been developed pursuant to this announcement. This framework...