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 ...
Another Japanese Bank Says No to Financing New Coal-Powered Projects
Japan-based Sumitomo Mitsui Financial Group Inc (SMFG) has decided not to provide support to the newly-planned coal-fired power projects. The policy change will come into effect from May 1, 2020 ...
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 ...
ISA and Commonwealth Join Hands to Promote Solar Power in Member Countries
The Commonwealth of Nations and the International Solar Alliance (ISA) have signed a Memorandum of Understanding (MoU) to expand solar power in the Commonwealth member countries. The agreement was signed ...
Singapore’s United Overseas Bank Says No to Coal Lending
In a decision taken at its annual general meeting held recently, the United Overseas Bank (UOB), Southeast Asia's third-largest finance group and Singapore’s third largest bank, has said that it ...
India Extends $1.4 Billion Aid to Maldives, Joins Hands to Promote Renewables
The President of the Republic of Maldives was on a state visit to India recently. The visit has been fruitful for India’s renewable energy sector as the country has found ...
European Union to Join Hands with India for the Growth of Sustainable Technologies
The European Union (EU) has issued a joint communication to the European Parliament and the Council through which the EU aims to reinforce EU-India strategic partnership, build a strong partnership ...
YES Bank and EIB Announce $400 Million Renewable Energy Financing Program for India
YES Bank, one of the largest private sector banks in India, has collaborated with the European Investment Bank (EIB), the European Union's non-profit long-term lending institution, to formulate a renewable ...
Hydropower Projects Delayed in India Due to Complex Clearance Procedures
Several hydropower projects in India are witnessing significant overruns in both time and costs. Only 28 percent of the total hydropower potential in India - out of 148 GW has ...
Central Electricity Authority Releases Draft National Electricity Plan for 2017-2022
The Central Electricity Authority (CEA) has released the draft National Electricity Plan (NEP) for the five-year period starting 2017 and ending 2022. The plan forecasts incremental energy savings through improved ...
India Ratifies Paris Climate Change Agreement
On October 2, 2016, India became the 62nd country to ratify the Paris Agreement. The agreement requires every ratifying member country to come up with a national plan to curb ...
