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The growing threat of climate change had become a major concern to maintain sustainable development worldwide. While assessing the prime factor behind the crisis, environmentalists observed that coal was the largest contributor to the anthropogenic climate change. To address such challenge, the need of 'Green Financing' was the immediate call from the global community. In this context, as of September 2021, India, the third largest emitter of fossil fuels related carbon dioxide (CO2) emissions globally, was substantially dependant on coal use. Recognised as a rapidly growing and developing country in the world, India's significant consumption and auctions of coal had drawn criticisms from the international forum. With an attempt to reflect its seriousness about addressing the issue and commitments towards using more renewable energy resources in the coming days, India had set a target of net-zero within 2070. Subsequently, the renewable energies such as wind and solar had got more amount of project finance against the coal in the country. In this backdrop, would green financing be able to reduce the coal use in India in future?