RE Matters | July 2022
𝑁𝑒𝑤𝑠 & 𝑉𝑖𝑒𝑤𝑠 𝑜𝑛 𝑅𝑒𝑛𝑒𝑤𝑎𝑏𝑙𝑒 𝐸𝑛𝑒𝑟𝑔𝑦 Here is our monthly newsletter on Renewables, RE Matters, from the Centre for Financial Accountability. An extension of CFA’s work to understand and critically analyse the global energy...
ESG dilution: Way forward lies in inequality sensitive RE Finance
The first half of this year has been challenging for RE expansion both at the global level and in India. Supply disruptions in coal and Liquified Natural Gas (LNG) owing to the Russia-Ukraine war...
कोराड़ी थर्मल पावर : कोयले से बिजली, बिजली से राखड़ और राखड से तबाही
पिछले महीने, 16 जुलाई 2022 को सुबह हुई दुघर्टना में, 1974 में शुरू हुए (47 वर्षीय) महाराष्ट्र के नागपुर स्थित ‘कोराड़ी थर्मल पावर स्टेशन’ के राख-तालाब का एक हिस्सा टूट गया और उसमें जमा हुआ पानी और राख गावों में, नदी-नहर, पीने के पानी के...
এনটিপিসির অন্ধকারাচ্ছন্ন দিক: এনটিপিসির সামাজিক ও পরিবেশগত ‘ফুটপ্রিন্ট’ বিষয়ক একটি সমালোচনা
ন্যাশনাল থার্মাল পাওয়ার কর্পোরেশন (এনটিপিসি) একটি ফরচুন 500 কোম্পানি, ‘নবরত্ন অফ ইন্ডিয়া’ সম্মানে ভূষিত এমন চারটির মধ্যে একটি সংস্থা। এটি, চার দশকেরও বেশি সময় ধরে ভারতের উন্নয়নের অনুসন্ধানে অগ্রণী ভূমিকা পালন করেছে—এই ‘উন্নয়ন মডেল’টির...
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.
Fishing Community That Took on World Bank Group Immunity Continues Quest for Justice
Landmark corporate accountability case resulted in critical reforms for the World Bank’s lending arm. Today, the U.S. Supreme Court denied a petition from a fishing community in India whose livelihoods have been destroyed by...
Supreme Court rejects World Bank coal case
The Supreme Court today turned down an appeal from a fishing community to review its lawsuit that seeks to hold an arm of the World Bank liable for environmental damage from a coal-fired power...
Salaam to Coal Miners of the Country
An unprecedented and prolonged heatwave is sweeping across the Indian subcontinent.
Case Against IFC at US Supreme Court: Disappointed with the outcome; Quest for Justice Continues
Landmark corporate accountability case resulted in critical reforms for the World Bank’s lending arm. April 26, 2022 New Delhi: Last evening India time, the U.S. Supreme Court denied a petition from a fishing community...
New Mineral Amendment Bill (2020)- Who Bears the Cost of Development?
The mining industry in India has constantly been in the spotlight for violations of many kinds, ranging from environmental degradation to labour violations and cases of child labour.
Tata Mundra: Nobel laureate, others ask US apex court to drop immunity to World Bank
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 – have urged the United States Supreme Court...
Indian lenders reduce funding for coal projects, clean energy gets more loans for 3rd straight year
Clean energy projects got 74% of the total funds from financial institutions last year, or ₹24380 crore, according to a report by Climate Trends and Centre for Financial Accountability. Indian lenders channeled more funds to...
PFC, subsidiary REC sole institutions provided finances to coal projects: Report
New Delhi, Dec 14 (IANS): An analysis on Tuesday identified Power Finance Corporation (PFC), and its subsidiary Rural Electrification Corporation (REC), as the sole state-owned financial institutions that provided project financing to coal power...
ADB Energy Policy: Lack of Intent; Absence of Commitment
Asian Development Bank has approved a new energy policy ostensibly to support universal access to reliable and affordable energy services, while promoting the low-carbon transition in Asia and the Pacific. However a closer look...
IFC stake in Federal Bank Ltd results in no new coal commitment
A new report released today by Centre for Financial Accountability India and Recourse reveals how India’s 7th largest commercial bank – Federal Bank Limited – has turned its back on new coal. The bank received a $126...
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