StanChart says clarity on India’s green rules will boost deals

India could struggle to meet its green targets without a so-called taxonomy framework, which creates guardrails around what can pass as climate finance, according to Standard Chartered Plc.The country needs clarity “around taxonomy as it is still in the works,” said Shobana Chawla, head of sustainable financing for South Asia at the bank, speaking in an interview. “Once finalized, it will give a fillip to the banks,” she said.

In theory, a taxonomy would help clarify an investment’s green credentials and mitigate greenwashing. India…