Climate equity funding nearly doubled in 2024 in India, but the first half of 2025 slowed somewhat on account of global political and policy uncertainty, though long-term trends remain positive, said a report on climate funding.

The big shift in 2024 was the emergence of listed equity and public market investments as a prominent source of capital for the sector. Public markets - both initial public offerings (IPOs) and private investments in listed entities (PIPEs) accounted for an unprecedented 60% of the overall equity funding for the year, said the report by Climake, a climate finance advisory firm focused on the Global South. Advertisement

During 2024, a record USD 3.8 billion was raised from IPOs of climate-focused businesses. Though nearly half came from two mega renewable energy

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