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...
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...
The lives of people in many areas of Gujarat have become difficult due to petrochemical industries.
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
India already has ambitious renewable energy plans, but its coal baggage and failure..
Despite the Indian Government’s claim to reduce the use of coal and thermal power plants, various new coal mines have recently started commercial operations.