Will COP29 push the world toward real climate action?
As the world looks to COP29, the stakes have never been higher. Climate finance, energy transitions, biodiversity, adaptation, and carbon markets—each of these issues represents a critical piece of the puzzle in the fight against climate change. Azerbaijan, as host, faces the daunting challenge of balancing competing interests while pushing for ambitious global action.
Climate-tech investment: Sustainable growth or looming bubble?
While the first quarter of 2024 has shown a significant and potentially transformative rise in climate-tech funding, the sustainability of this growth remains uncertain.
REC secures JPY 60.5 billion green loan backed by Italian export credit agency SACE
REC will use the funding to support projects which meet rigorous environmental standards, promote renewable energy and contribute to reducing carbon emissions.
A look into the green credit system for renewable energy
Green credits offer a vital mechanism for incentivizing environmentally positive actions beyond just corporations, involving individuals and communities. By providing tangible benefits for sustainable practices, such as renewable energy adoption and conservation efforts, green credits engage the public at large, fostering widespread participation in combating climate change.
GCF approves $24.5 million investment in Avaana Capital’s climate and sustainability fund
Green Climate Fund (GCF) has approved a $24.5 million investment in Avaana Capital’s Climate and Sustainability Fund for technology-driven climate solutions.
GAIL launches funding scheme for renewable, electric-mobility startups
Gas Authority of India Ltd. (GAIL), a state-owned natural gas supplier, has started accepting proposals from startups in the renewable energy and electric mobility sectors for equity investment under its “Pankh” initiative.
Green lending criteria could improve the performance of power discoms in India
A new report finds the current credit rating mechanism for power distribution companies in India is highly linked to their operational and financial performance. The report highlights the need to revise discom ratings to reflect their green mandates, decarbonization plans, and tariff implications to resolve the challenges of payables (and receivables).
Flagging off the energy transition decade
With the draft National Electricity Policy (NEP) 2021, India is providing the right policy direction for this decade of the energy transition. Yet, there is room for further improvement.
Hitachi ABB Power Grids to switch to 100% fossil-free electricity by year end
The company is working on electrified, reliable, and decarbonized operations and products to get closer toward a carbon-neutral future.
India, Russia to fund joint R&D in clean energy
India’s Department of Science & Technology and the Russian Science Foundation (RSF) have launched a collaborative funding program for Indian and Russian researchers to jointly research clean energy, new materials, and smart transport.
