Green Financing

Scope for UK green finance investments in India, says Nicholas Lyons

The European Union moved closer to ending a trade dispute with US President Joe Biden on Wednesday following months of wrangling over the billions of America-first incentives in his clean technology plans and said it would ramp up a similar subsidy-laden effort at home. European Commission President Ursula von der Leyen told the parliament plenary that in its attempt to produce at least 40 per cent of the clean tech needed by 2030 in the 27-nation bloc, it would allow for the tax breaks and the flexible use of EU funds on top of simplifying and speeding up industrial approvals. She spoke of a striking symmetry between the US efforts and the European Green Deal plans. Both of them are simultaneously a climate strategy and a strategy for investment and growth, von der Leyen said. Her upbeat comments came on the eve of the European Commission, the EU's executive arm, tabling plans for the Net-Zero Industry Act on industrial incentives and a Critical Raw Materials Act, which seeks to .

Even as the central bank is drawing up taxonomy for this emerging business, the degree of awareness at bank board level could be the weakest link yet

Consistent with that strategy, we feel that "clean mobility" is going to be a space that will create growth

In a report listing steps to revise the framework, the unit of Fitch Ratings said implementing public-sector credit guarantees would help lower financing costs

In the Union Budget for FY22, no funds were earmarked for recapitalising state-run banks. This was a decadal first, and will temper their eagerness to lend

Proceeds will be deposited in the Consolidated Fund of India

Revfin plans to use the funds to expand its geographical footprint to 25 states and capture over 10 per cent national market share of financed electric three-wheelers

Focus will also be on climate justice, green financing

An analysis and advisory organisation's update on India's "first-ever effort" to track green investment flows, which are far short of the country's current need for its ambitious climate targets

Green finance could become a bright and robust strand of the growing India-US economic relations in the next 25 years, India's envoy said

Entrepreneurs are trying to lure investors to such platforms with monthly returns, carbon credits and even discounts on electricity bills

As the world suffers from unseasonal rains and cyclones, sporadic wildfires lasting days, reducing assets worth billions to ashes, extreme weather events have become a crucial component

'Green investments must therefore compete with brown (non-green) investments to find large markets and generate attractive returns', says the author

The pact will provide opportunities for dual listing, enhancing visibility and also increase secondary market trading in green, India INX said in a statement

Climate Policy Initiative, a global analysis and advisory organisation specialising in sustainable finance, is planning to launch a portal to track such investment in the country

Gireesh Shrimali, Climate Policy Initiative's director, said there was potential to mobilise $9 of foreign debt per dollar of public subsidy