Perils of banking on fossil fuels
A new report shows that nine major Asian banks, including three of India, are open to doing business in coal – the dirtiest of all fossil fuels. These three banks are State Bank of...
Just transition in petrochemicals: Dahej’s industries proving to be major obstacles for climate targets
The lives of people in many areas of Gujarat have become difficult due to petrochemical industries.
Bankers now favour clean energy over fossil fuel
Trends show the drift towards renewables has found new acceleration. India is at a crucial juncture on the climate change pathway when it has to step up its renewable energy capacity while gradually weaning...
Fossil Fuel Phase-Out Poses A Narrowing Window For India
While the climate change conference marks the beginning of the end of the fossil fuel era, India will have to urgently find ways to move away from coal. Securing finance for new projects is...
Renewables, not coal, the energy of choice for investors in India for second year in a row: Report
Solar power was the dominant renewable energy, accounting for six out of 11 deals, or 40% of financing, says the report. While India did not sign the pledge to triple renewable energy globally by...
Lenders choose renewables over coal for second year in a row
In year 2022, solar, wind and hybrid project finance lending amounted to INR 18,577 crore ($2.36 billion). On the other hand, like in 2021, not a single coal power plant received such funding. Not...
Lenders Choose Renewables Over Coal For Second Year In A Row
No coal power plant has received project finance lending in 2022 As negotiations and discussions build up around the Fossil Fuels phase-out at the COP28 in Dubai, back home, for the second year in...
No coal power plant in India receives lending second consecutive year: Analysis
As representatives from nearly 200 nations gather for over a week for COP28, this year’s annual UN climate conference, being held in the oil-producing UAE and led by the head of the country’s state...
Renewables prevail: Second consecutive year without project finance for coal power plants in India
Against the backdrop of intensifying global discussions on phasing out fossil fuels at COP28 in Dubai, a report by the Centre for Financial Accountability (CFA) and Climate Trends, an environmental think tank, reveals a...
Coal vs Renewables Investment Report 2023
This analysis assessed 68 project finance loans across 11 coal and renewable energy projects in India that reached financial closure between 1 January 2022 and 31 December 2022. Renewable energy projects are defined as...
Why electricity tariff is going up? Who is the beneficiary?
It is the duty of the Union Government which collects GST from every citizen to deliver electricity at affordable prices to the remotest parts of the country and reach out to the most disadvantaged...
India No 1 in world coal mining boom, thanks to Coal India, Adani Group: German NGO
Urgewald, a German environment and human rights NGO, which claims to be working for establishing strong environmental and social standards for the international finance industry, has called India "the number one hotspot of the...
Update from the Thermal Energy Sector in India (July, 2023)
Given the global trend towards sustainable finance, the Government of India has limited options to sell its stake in IDBI. Without a commitment to a "no new coal" policy, major international financial institutions would...
कोयले की शक्ति : अक्षय ऊर्जा के महत्वाकांक्षी लक्ष्यों के बावजूद उत्तर प्रदेश में कोयला आधारित 1600 मेगावाट पावर प्लांट को मंजूरी
भारत का लक्ष्य 2022 तक अक्षय ऊर्जा यानी रिन्यूएबल एनर्जी (अक्षय ऊर्जा या नवीकरणीय ऊर्जा के उदाहरण हैं – बायोगैस, बायोमास, सौर ऊर्जा इत्यादि.) से 175 गीगावॉट बिजली उत्पादन करने का था।
India’s divestment efforts could benefit from a ‘no new coal’ policy
India already has ambitious renewable energy plans, but its coal baggage and failure..
Page 1 of 9