Mobilising Green Capital for Developing Nations Is Key Challenge: NK Singh

Speaking at a public panel discussion following the inaugural meeting of the Green Transition Board, former Finance Commission chairman N K Singh emphasised that mobilising green capital for developing economies remains a critical challenge. The Board, announced at the Raisina Dialogue earlier this year, held its first meeting at the London School of Economics (LSE) on Friday.

Singh noted that while global clean energy investment has reached historic levels, capital distribution remains highly uneven across regions. The Board is tasked with making recommendations on climate finance, reforms of multilateral development banks (MDBs), and India's transition targets: achieving 2,500 GW of clean energy capacity by 2047 and net-zero emissions by 2070.

Chaired by Singh, the Board began its work during London Climate Action Week 2026. Members stressed that the global climate agenda has moved beyond merely setting targets to mobilising investment and ensuring implementation. According to an official statement, Singh said: 'The global climate debate has moved from targets to delivery. The central challenge now is to mobilise capital at speed and scale, especially for emerging and developing economies, where the next wave of energy demand, urbanisation and infrastructure creation will occur.'

The Board's recommendations are expected to guide policy on climate finance and MDB reforms, with a focus on enabling developing countries to access the funds needed for their energy transitions.