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...
भारत का लक्ष्य 2022 तक अक्षय ऊर्जा यानी रिन्यूएबल एनर्जी (अक्षय ऊर्जा या नवीकरणीय ऊर्जा के उदाहरण हैं – बायोगैस, बायोमास, सौर ऊर्जा इत्यादि.) से 175 गीगावॉट बिजली उत्पादन करने का था।
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.
मध्य प्रदेश के गोरखपुर गांव में स्थित झाबुआ थर्मल पावर प्लांट से निकलने वाली राख आम लोगों के जीवन में जहर घोल रही है। क्षेत्र में विकास और रोजगार का वादा करने वाला यह...
Climate change action demands stricter emissions control of Asia Pacific’s coal burners, say analysts.
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.
The IFC has reportedly lent close to $5 billion to almost 88 financial institutions in India
An extension of the coal reduction policy to all lending will act as a strong impetus for Indian financial institutions to strengthen their own policies on coal reduction.
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.
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...
As many as 70 people’s movements, trade unions and civil society organisations (CSOs)* have asserted that India’s biggest ever coal mine auction, announced in November last year “will aggravate climate crisis” and “is against...
