Great news for India’s clean energy ambitions! The World Bank just approved $1.5 billion in funding to accelerate the country’s transition to low-carbon sources. This significant investment builds on theContinue Reading
Global banks earned more money from financing environmentally friendly projects for the second consecutive year, surpassing their earnings from funding oil, gas, and coal activities. These banks collectively made approximatelyContinue Reading
Blended finance combines concessional funds from sources like governments or philanthropic organizations with funds from development finance institutions like the International Finance Corporation (IFC). This approach can attract private sectorContinue Reading
The Indian government has set an ambitious aim of 30% adoption of electric vehicles (EV) by 2030. The high initial prices of EVs, however, remain a substantial obstacle to mainstreamContinue Reading
The world’s major banks are supplying the funds required by fossil fuel businesses to continue damaging the environment to the point that people may no longer be able to thriveContinue Reading
The Department of Energy (DOE) hailed a key fusion energy milestone, describing how scientists were able to create more energy from a reaction than was consumed for the first time.Continue Reading
The Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and Clean Technology Fund (CTF) signed a $55 million financing agreement with GreenCell Express Private Limited (GEPL) to develop 255Continue Reading
GEF Capital’s South Asia Growth Fund II has invested $25 million in Electra EV, a company owned and pushed by legendary businessman Ratan Tata. They have taken a minority positionContinue Reading
