RBI governor encourages pooling of climate projects

Malhotra says pooling would reduce risk and make lending more convenient for banks

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Reserve Bank of India building in Mumbai
Nichalp/Wikimedia Commons

The governor of the Reserve Bank of India has said small climate-related projects should be pooled together to secure funding from banks.

Speaking at a seminar on climate change risks and finance in New Delhi on March 13, Sanjay Malhotra said a lack of capacity and expertise in smaller projects added to financial risks associated with such projects and made it harder for them to secure funding. Creating a “a common pool of such bankable projects” would have “multi-fold benefits for the entire

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