The Reserve Bank of India released a new draft of the project finance framework in May. To address risks and impacts, it must integrate social and environmental considerations, writes the author of this commentary.
Most Indian banks and financial institutions do not have any environmental and social safeguard mechanisms.
As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world’s coal investments. A 2021 report found that ICICI, the State Bank of India,...
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...
As progress has come to mean growing accumulation and consumption in material terms, this has led to establishment of ever larger production units, energy harnessing facilities, transport, storage and recreational infrastructure.
