India’s annual green finance is just one-fourth of its needs: Climate Policy Initiative Study

An advisory and analysis group, Climate Policy Initiative in its update on India’s “first-ever effort” to track green investments flows said “the tracked green finance in 2019-2020 was Rs 309,000 crore (nearly USD 44 billion) per annum, which is less than a fourth of India’s needs”. The report titled ‘Landscape of Green Finance in India’ […]

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Global offshore wind capital expenditure to more than double, top $100 billion in 2030 – Rystad

Installations and investments in the global offshore wind industry are set to surge this decade as nations seek to transition to cleaner sources of energy, with total capital expenditure projected to more than double from $46 billion in 2021 to $102 billion in 2030, Rystad Energy research shows. Driving this growth is a significant uptick […]

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Record clean energy spending set to help global energy investment grow by 8% in 2022

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Global energy investment is set to increase by 8% in 2022 to reach USD 2.4 trillion, with the anticipated rise coming mainly in clean energy, according to a new report by the International Energy Agency. Although encouraging, the growth investment is still far from enough to tackle the multiple dimensions of today’s energy crisis and […]

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Global energy investments set to recover in 2021 but remain far from a net zero pathway, says IEA

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Global investment in energy is set to rebound by nearly 10% in 2021 to USD 1.9 trillion, reversing most of last year’s drop caused the Covid-19 pandemic, but spending on clean energy transitions needs to accelerate much more rapidly to meet climate goals, according to a new report from the International Energy Agency. With energy investment returning […]

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Indian parliament passes bill to boost private investment in mining amid opposition protests

The Indian parliament passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2021 which seeks to bring more reforms in mining sector for boosting private investment and creating more jobs. However, opposition parties demanded a select committee scrutiny of the bill, saying the government may face the same backlash against this Bill as they […]

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Coal India to invest in 26 new projects in partnership with private companies

Coal India plans to invest Rs 1.43 lakh crore in 26 projects in new business areas. The new business areas will include solar wafer manufacturing, a greenfield aluminium project along with brownfield aluminium projects in a joint venture with NALCO, solar generation projects, and thermal power plants. CNBC-TV18 reported that the company has received approvals […]

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India’s solar sector saw 24% jump in corporate investments in 2020 – report

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India’s solar sector attracted global corporate investment of $14.5 billion in 2020, a 24 percent jump from $11.7 billion raised in 2019, clean energy communications and consulting firm Mercom Capital Group said in its annual report on funding and merger and acquisition in the sector. Despite the uncertainties caused by the Covid-19 pandemic translating to […]

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Rockefeller Foundation with its history in oil decides to let go of its oil Investments

The Rockefeller Foundation, set up by John D. Rockefeller in 1913, has decided to divest from fossil fuels and not make any new investment in the industry, the president of the Rockefeller Foundation, Rajiv Shah, told CNN in an interview last week. Funds for the creation of the $5-billion foundation initially came from the oil money of […]

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India’s fisheries sector can grab almost $9 billion investment in 5 years

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India expects the fisheries sector to attract investments worth $ 9 billion (Rs 67,000 crore) over the next five years along with huge employment generation. Fisheries exports are expected to more than double to Rs 100,000 crore by 2024-25 from Rs 46,589 crore at present, Union Fisheries Secretary Rajeev Ranjan said at an e-conference of […]

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