Banks Continue to Support Fossil Fuels Despite Pact to Support Climate Deal
Just when the United Nations Principles for Responsible Banking (PRB) marked its first anniversary, the latest review of the signatory banks' financial records shows how much they deviated from their ...
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 ...
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 ...
Sunseap Group Secures $50 Million for Solar Projects in Singapore
Sunseap Group, a Singapore-based renewable energy solutions provider, has received a total sum of S$50 million (~$36.7 million) from ABC World Asia and Temasek. The investment will be used for ...
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 ...
Storms Affect Solar Assets in North Indian States
North Indian states of Uttar Pradesh, Rajasthan, Haryana and adjoining regions have seen an unusual spate of dust storms recently. In an unfortunate event that cost many lives, the recent ...