Thus, going forward, the challenge for the CICs and indeed, for CIBIL, which has a virtual monopoly over this business is to address the twin concerns that I have mentioned. The purpose of having CICs in the system would be best served when the credit needs of deserving people are met in a timely manner and at a reasonable cost. 26.
•  Sharing best practices for classifying and monitoring sustainable investments will help to identify how they can effectively catalyse private resources and support  climate finance. Indeed, most investment will necessarily be privately financed, and this will require putting in place adequate institutional and regulatory frameworks, as well as appropriate and predictable carbon prices.