<h1>RBI Deputy Governor Highlights Green Finance Challenges, Stresses Role in Climate Change Mitigation, Calls for Better Disclosures.</h1> The Deputy Governor of the Reserve Bank of India highlighted the challenges and opportunities in scaling up green finance, emphasizing the financial sector's role in addressing climate change. He noted that climate-related financial risks are gaining global attention, with banks and financial institutions expected to finance the transition to a low-carbon economy. The Reserve Bank of India has initiated discussions and surveys to understand climate risks better. The speech stressed the need for consistent climate-related disclosures, robust data, and vulnerability analysis to support informed decision-making. The Deputy Governor also highlighted private and public sector efforts in India to promote green finance, including the issuance of Sovereign Green Bonds and the establishment of a Sustainable Finance Group within the RBI.