Environmental & social responsibility of financial institutions must go beyond green initiatives
Most Indian banks and financial institutions do not have any environmental and social safeguard mechanisms.
Investing in public well-being is not āpopulismā: Why the āfreebieā debate is flawed
Instead of being limited by fiscal deficits, governments should instead raise tax the super rich to raise funds for healthcare and other welfare measures.
World Bankās private sector arm to stop supporting new coal
The International Finance Corporation (IFC), the private sector arm of the World Bank, is to stop supporting new coal projects, a move described by campaigners as welcome but long overdue.
IFC to stop funding new coal-powered electricity projects
The IFC has reportedly lent close to $5 billion to almost 88 financial institutions in India
IFC will no longer allow financial intermediary clients to support new coal projects
An extension of the coal reduction policy to all lending will act as a strong impetus for Indian financial institutions to strengthen their own policies on coal reduction.
What Puducherry tells us about how Union Territories undermine federalism
The case of Puducherry shows us how Union Territories, as pockets of arbitrary power, enable an authoritarian role for the Union government while trampling upon the core of federalism and democracy. In recent years,...
How plastics caused fire & affected air, water, soil, life in Brahmapuram
āOperation successful but the patient diedā is perhaps the best phrase to describe the handling of the Brahmapuram fire which ravaged the city of Kochi. Spread over 110 acres of land, the Brahmapuram dumpyard...
Pollution control: Amendments to Water Act is a greenwashing attempt
The Union Ministry of Environment, Forest and Climate Change (MoEF&CC) proposed amendments to several environmental laws in July 2022, including the Water (Prevention and Control of Pollution) Act, 1974. The amendments aimed to reduce...
Demand to scrap ‘unnecessary, potentially harmful’ large, new coal blocks’ auction
As many as 70 peopleās movements, trade unions and civil society organisations (CSOs)* have asserted that Indiaās biggest ever coal mine auction, announced in November last year āwill aggravate climate crisisā and āis against...
‘Mindless’ development model financed by top institutions ’caused Joshimath disaster’
In a statement signed by over 50 civil society organisations and concerned citizens, FAN believes, Joshimath Disaster is theāinevitable result of long neglect of scientific warnings, of gross financialization of nature and total lack...
Did the Supreme Court really vindicate the Modi governmentās demonetisation decision?
The BJP is projecting this judgement as an endorsement of its move. But the court only commented on narrow point of the legality of demonetisation.
Black hole of public finance: Unequal fiscal burden on citizens
73% of the wealth generated in India in 2017 went to the richest 1%, while the poorest half of the population saw only a 1% increase in their wealth.
India Pitches for Climate Finance Internationally, But Prioritises āDevelopmentā at Home
The year 2022 saw renewed urgency and consistency in Indiaās pitch to demand āclimate financeā.
In Nagaland, Despite An Act To Protect Street Vendors, Women Vendors Struggle For Basic Amenities
The Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014 aims to protect livelihood rights and social security of street vendors but its implementation has been sluggish, putting street vendors at...
L&T Finance replaced SBI as the biggest renewable energy financier in 2021: Ā StudyĀ
The fifth edition of Coal vs Renewable Financial Analysis, authored by Climate Trends and Centre for Financial Accountability (CFA), was releasedĀ at CFA’s annual energy finance conference hosted in collaboration with IIT Madras on Tuesday.Ā ...
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