IFC announces it will stop clients funding new coal projects
Previous policy allowed the IFC’s financial clients to support new coal projects as long as they exited coal by 2030, but the new update explicitly rules out new coal.
National Financial Institutions lent 7.12 lakh crores to TPPs between 2005-2022: Study
The report finds 65% accrues to NBFCs, 31% came from public sector banks, and 4% from private banks
“India can achieve Net Zero by 2047”: Experts
Sectoral experts, academics and climate activists deliberate on multiple issues related to Energy and Finance at the 4th annual Energy Finance Conference India, 2022 organised at IIT-Madras, Centre for Financial Accountability, Indo-German Center for...
The biggest hurdle in facing the recession is the Govt’s lack of political will
“In my entire career as a public servant I haven't witnessed the extraction of public wealth for private profit on the scale that we see today”, said Jawhar Sircar, Rajya Sabha member, Trinamool Congress,...
Government in Denial of Economic Recession; The Repercussions will be Unprecedented: Conference on Finance
“The government had borrowed money from the IMF during the pandemic and yet did not spend it in order to keep the fiscal deficit in control! This internalisation of keeping the fiscal deficit under...
Civil society urges for a world without the World Bank | Press Release
The International Monetary Fund (IMF) along with the Board of Governors of the World Bank (WB) Group is having its annual Spring meeting from April 18th- 24, 2022 in order to commemorate another year...
Nobel Prize-Winning Economist Joseph Stiglitz and Others Urge the US Supreme Court to Review World Bank Group Immunity in the Tata Mundra Finance Case
This week, prominent economic, legal, diplomatic, and civil society experts – including Joseph Stiglitz, a Nobel Prize-winning economist, and former Vice President and Chief Economist of the World Bank – submitted amicus briefs urging...
Conference Interrogating the Green Finance Begins
New Delhi: The 3rd Energy Finance Conference India (EFCI) 2021 began today (Dec 14) with a session on Adaptation, Loss and Damage – COP26 and the Money Trail. Presided by Prof Sudhir Chella Rajan,...
PFC was the sole coal financier in 2020 | Press Release
New Delhi, December 14, 2021: Coal vs Renewables Financial Analysis 2020 identifies PFC, and its subsidiary REC, as the sole state-owned financial institutions that provided project financing to coal power projects in 2020.
BRICS Summit: People’s Forum calls it “lost opportunity”
The 13th BRICS Summit, chaired by Indian Prime Minister Narendra Modi and attended by Brazil President Jair Bolsanaro, South African President Cyril Ramaphosa, Russian President Vladimir Putin, and Chinese President Xi Jinping was held...
Press Release on the inaugural of Energy Finance Conference India
The Inaugural Session of the 2nd Energy Finance Conference India 2020 builds the blueprint for an economically and socio-politically feasible sustainable energy transition A distinguished panel of academics, policy experts and activists pitches for...
Project finance to coal in India dropped 82% YoY in 2019
November 24, 2020: The third annual Coal vs Renewable Financial Analysis 2019 marks a second consecutive year on year decline in coal funding following a 90% decrease in 2018. The report finds a 126%...
World Without World Bank Possible: Activists
Action Week on World Bank Brings Together Social & Political Activists, Probing their Past and Demanding Accountability Press Release | October 16, 2020 New Delhi: A key message reverberating in the week long protest...
Indian Civil Society Groups Announce “World Without World Bank” Action Week
Highlight the Impacts on Key Sectors in India During IMF-WB 2020 Annual Meetings Date: 12 October, 2020 New Delhi: People’s Movements, Civil Society Groups, and concerned citizens are coming together to protest the World...
“Ultimately the rubber will meet the Road”
Social activists express hope for the future in webinar series on “Reimagining the Future” Press Release | Sept 15, 2020 “The lockdown worked like a chemical experiment where hidden injustices were brought to the...
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