Coal Financing Archives - Centre for Financial Accountability

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....

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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 ...

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India’s green shift: No coal finance in 2022 as renewables grab 100% project loans

The report, jointly conducted by the Centre for Financial Accountability (CFA) and Climate Trends, assessed project fina...

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Article

World Bank’s 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 pr...

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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. The International Finance ...

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Are we parting ways with coal or digging in deeper?

Coal Budget in the Budget 2023-24 was cut by 50%. The expenditure budgeted for the year 2023-24 is 192 crores which is ...

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India’s Biggest Ever Coal Mine Auction will Aggravate Climate Crisis; Is Against India’s Climate Pledges

Statement by People’s Movements, Trade Unions and CSOs Date: 17th January 2023 The central government opening the bigge...

Coal General Statements

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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 New Delhi, December ...

Coal Press Releases

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The Coal Trail

Tracking Investments in Coal-Fired Thermal Power Plants in India India’s installed capacity for power generation has als...

Coal Energy General Publications

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Coal crisis is back! What is the real story behind the repeating crisis?

India is heading to another spell of power shortage and the union government is pushing the states to import coal. As co...

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December 11, 2023

Carbon Copy

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 2030 at COP28, a recent report found that for the second year in a row, no coal power plant has received...

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December 11, 2023

Uma Gupta

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 a single coal power plant in India received project finance lending in 2022. All energy projects that r...

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December 11, 2023

Saurav Anand

India’s green shift: No coal finance in 2022 as renewables grab 100% project loans

The report, jointly conducted by the Centre for Financial Accountability (CFA) and Climate Trends, assessed project finance loans across various renewable energy projects. In a notable shift in India‘s energy financing landscape, no coal power plants received project finance lending for the se...

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April 6, 2023

Isabella Kaminski

World Bank’s 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. An update to the organisation’s ‘green equity approach’ policy, which is aimed at intermediary clients such as ...

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April 6, 2023

JACOB KOSHY

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. The International Finance Corporation (IFC), the private sector arm of The World Bank, has said it will not support investments in new coal projects. The IFC funds banks and other financial institutions tha...

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Article

March 9, 2023

Dhwani Shah

Are we parting ways with coal or digging in deeper?

Coal Budget in the Budget 2023-24 was cut by 50%. The expenditure budgeted for the year 2023-24 is 192 crores which is 50% less than the budget of the previous years. At the face of it, it would seem that India is phasing out of coal, but are we really? Private, Commercial coal mining is being prom...

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January 27, 2023

CFA Admin

India’s Biggest Ever Coal Mine Auction will Aggravate Climate Crisis; Is Against India’s Climate Pledges

Statement by People’s Movements, Trade Unions and CSOs Date: 17th January 2023 The central government opening the biggest new coal mine auction, announced in November 2022, is a mockery of the Prime Minister’s own climate announcements at climate change summits, and an invitation to worsening the c...

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December 15, 2022

CFA Admin

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 New Delhi, December 15, 2022: Loans amounting to ₹7.62 lakh crore have been provided by 84 lenders, both national and international, to thermal power projects in India, with a capacity of 1000 MW and ...

Coal Press Releases

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December 13, 2022

Kenneth Gomes

The Coal Trail

Tracking Investments in Coal-Fired Thermal Power Plants in India India’s installed capacity for power generation has also seen a tremendous rise, standing at 405.77 GW. What is also readily observable is the dominant share of coal in the installed capacity equalling 204 GW, and is likely to retain i...

Coal Energy General Publications

Article

March 11, 2026

CFA Admin

Coal crisis is back! What is the real story behind the repeating crisis?

India is heading to another spell of power shortage and the union government is pushing the states to import coal. As coal prices go up internationally, Adani wins a major coal import contract. Meanwhile, India’s coal production is stagnant since 2017. We join the dots for a complete picture. ...

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Coal Financing

Renewables, not coal, the energy of choice for investors in India for second year in a row: Report

Lenders choose renewables over coal for second year in a row

India’s green shift: No coal finance in 2022 as renewables grab 100% project loans

World Bank’s private sector arm to stop supporting new coal

IFC to stop funding new coal-powered electricity projects

Are we parting ways with coal or digging in deeper?

India’s Biggest Ever Coal Mine Auction will Aggravate Climate Crisis; Is Against India’s Climate Pledges

National Financial Institutions lent 7.12 lakh crores to TPPs between 2005-2022: Study

The Coal Trail

Coal crisis is back! What is the real story behind the repeating crisis?

Renewables, not coal, the energy of choice for investors in India for second year in a row: Report

Lenders choose renewables over coal for second year in a row

India’s green shift: No coal finance in 2022 as renewables grab 100% project loans

World Bank’s private sector arm to stop supporting new coal

IFC to stop funding new coal-powered electricity projects

Are we parting ways with coal or digging in deeper?

India’s Biggest Ever Coal Mine Auction will Aggravate Climate Crisis; Is Against India’s Climate Pledges

National Financial Institutions lent 7.12 lakh crores to TPPs between 2005-2022: Study

The Coal Trail

Coal crisis is back! What is the real story behind the repeating crisis?

CFA