EIB and SBI Launch €100 Million Climate Action and Sustainability Financing
In a significant development, the European Investment Bank (EIB) and the State Bank of India (SBI) have launched a new initiative of €100 million (~$121.63 million) for climate action and ...
Daily News Wrap-Up: Biden Pledges to Cut U.S. Greenhouse Emission to Half by 2030
Here are some noteworthy cleantech announcements of the day from around the world: At a global summit on climate change, U.S President Joe Biden pledged to ensure that the United ...
IT Major Wipro Pledges Net-Zero Greenhouse Gas Emissions by 2040
Information technology giant Wipro Limited has pledged to achieve net-zero greenhouse gas emissions by 2040 in line with the objective of the Paris Agreement to cap temperature rise to 1.5°C ...
Floating Solar Projects Could Help Reduce Impact of Climate Change on Lakes
According to a new study, floating solar farms could help protect lakes and reservoirs from some of the harms of climate change. Scientists from Lancaster University and the University of ...
Daily News Wrap-Up: REC Limited Raises $500 Million Through Dollar Bond Issue
Here are some noteworthy cleantech announcements of the day from around the world: State-run rural electrification company REC Limited has raised $500 million through a bond issue under its $7 ...
IFC Subscribes to $56 Million of Continuum’s Green Bond Offering in Singapore
The International Finance Corporation (IFC), the World Bank Group's financial arm, has extended its support to Continuum Green Energy by subscribing to 10% of the company's first green bond, which ...
Europe to Lead the Way in Green Energy Transition, Says MIT Report
The MIT Technology Review, in association with Citrix, Morgan Stanley, and Salesforce, has come out with a new report named the 'Green Future Index' that has ranked 76 countries on ...
Investing in Climate Adaptation Would be a Sound Economic Decision: UN Report
The UN Environment Programme (UNEP) has released a report that says nations must boost their efforts to adapt to the changing climate scenario to avoid dire consequences in the future ...
Biden Rescinds Trump’s Stand on Climate Change; US Rejoins Paris Climate Agreement
United States President, Joe Biden, signed an executive order to rejoin the Paris Climate Accord on the first day of his assuming office on January 21, 2021. The decision was ...
Energy Demand to Return to Pre-COVID-19 Levels in 1-4 Years: McKinsey
McKinsey & Company recently released its 'Global Energy Perspective 2021,' which states that while energy demand rebounds to 2019 levels in one to four years, it would not return to ...
South Korea’s C&I, Residential Consumers to Buy Renewables as part of RE100 Initiative
South Korea's Ministry of Trade, Industry, and Energy (MOTIE) has announced that it would allow domestic electricity consumers to purchase electricity from renewable sources as part of the RE100 initiative ...
Daily News Wrap-Up: Total’s €3 Billion Hybrid Bonds to Finance Renewables, Adani Acquisition
Here are some noteworthy cleantech announcements of the day from around the world: Indian Institute of Technology Delhi's Sustainable Environergy Research Lab at the Department of Chemical Engineering is actively ...
India Forms Committee to Oversee Implementation of the Paris Agreement
The Ministry of Environment, Forest and Climate Change (MoEFCC) has constituted a high-level inter-ministerial Apex Committee for the Implementation of the Paris Agreement (AIPA). The Secretary of MoEFCC will lead ...
Tokyo Gas Plans to Issue Green Bonds Worth ¥10 billion
In a first for the company, Tokyo Gas Company Limited plans to issue green bonds through a public offering platform. Tokyo Gas is set to issue the 10-year green bonds ...
Here is How Much Money Rooftop Solar Systems Can Save for Households
This is the second article in a series that explains all you need to know before installing a solar system on your rooftop. The first article focused on the specifics ...
Climate Financing By Seven Multilateral Development Banks Totals $61 Billion in 2019
In 2019, seven of the world’s largest multilateral development banks (MDBs) provided $61.6 billion (~₹4.6 trillion) in climate financing, out of which $41.5 billion (~₹3.09 trillion) was offered to low-income ...
State Bank of Pakistan Expands Scope of its Financing Program to Include Renewables
To promote renewables, the State Bank of Pakistan (SBP) has expanded the scope of its renewable energy refinancing program, allowing financing under category III of the program to solar and ...
BMW Targets Seven Million Electric Vehicles on the Road by 2030
The BMW Group, a Germany-based luxury automobile manufacturer, announced that it hadset a target of producing seven million electric vehicles (EVs) by 2030, making resource efficiency and sustainability central to ...
Adani Port Becomes Part of Science-Based Targets Initiative to Reduce Emissions
Adani Ports and Special Economic Zone Limited (APSEZ) announced that it has signed up for Science-Based Targets initiative (SBTi) to set emission reduction targets across its entire value chain. The ...
Fourth Partner Energy Raises $15 Million in Third Funding Round to Expand Solar Portfolio
Distributed solar company, Fourth Partner Energy, has raised $15 million (~₹1.1 billion) in debt funding from responsAbility, a Switzerland-based development asset manager. According to the company’s press statement, the funding ...
In FY 2020, 44.3% of Infosys’ Electricity Came From Renewable Sources: Interview
Infosys, an Indian information technology company, recently signed up for 'The Climate Pledge,' committing to achieve net-zero carbon emissions across its businesses by 2040, making it the first Indian company ...
Barclays Likely to Stop Lending to Projects Based on Fossil Fuels
During the annual general meeting (AGM) of Barclays, a British multinational investment bank, nearly 24% of shareholders voted for Share Action’s resolution asking the bank to phase out financing for ...
AfDB-Managed SEFA Grants $760,000 to Set Up Renewable Projects in Africa
The Sustainable Energy Fund for Africa (SEFA), which is managed by the African Development Bank (AfDB), has approved a grant of $760,000 (₹57.61 million) to Empower New Energy As (EmNEW) ...
Investments Should Now Become ‘Climate-Smart’
Coal is a necessary evil for most of the countries in the world. Though many emerging markets, including India, are transitioning towards sustainable energy, coal is far from being replaced ...
U.S. Begins Year-Long Withdrawal Process from Paris Climate Change Accord
The United States government has said that it has submitted its formal notification of withdrawal from the Paris Climate Change Agreement to the United Nations, starting the one-year-long process. President ...
