Increased frequency of climate-related extreme events in the Himalayan region is leading to project delays and losses as well as cost overruns. The challenge confronting Indiaās massive financial sector is whether it will be...
More Than Faith Pilgrimages are now more than mere religious acts: they are vast moving spectacles where scale becomes proof of sanctity. The call to become part of a moment eternal yet fleeting draws...
Indian banks walked nonchalantly into the new year, their indifference as thick as the smoke from industrial projects they finance. Pollution levels soared, environmental concerns, and sometimes protests, were witnessed over big infra projects...
Teesta Stage III dam ā one of the biggest hydropower dams in India ā was entirely wiped out by last yearās devastating glacial lake outburst flood (GLOF). Hydropower projects, often despite their documented environmental...
The Reserve Bank of India released a new draft of the project finance framework in May. To address risks and impacts, it must integrate social and environmental considerations, writes the author of this commentary.
In a globalised context, insufficient disclosure of climate risks may diminish a bankās attractiveness to international investors.
The Centre for Financial Accountability held a consultative discussion on Environmental and Social Safeguards Policy for Indian financial institutions at the National Consultation on Safeguards in Delhi on December 1, 2023.
The Reserve Bank of India released its āReport On Currency and Finance 2022-23 :Towards A Greener Cleaner Indiaā earlier this month.
Most Indian banks and financial institutions do not have any environmental and social safeguard mechanisms.
The year 2022 saw renewed urgency and consistency in Indiaās pitch to demand āclimate financeā.
As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the worldās coal investments. A 2021 report found that ICICI, the State Bank of India,...
The first half of this year has been challenging for RE expansion both at the global level and in India. Supply disruptions in coal and Liquified Natural Gas (LNG) owing to the Russia-Ukraine war...
