The opening of the Sakaka solar power plant coupled with the announcement of seven new solar power projects as part of the new Saudi Arabia Green initiative makes a powerful statement that one of the world’s leading oil producers is absolutely committed to being a leader in the global fight against climate change. By Nava […]
New €100 Million EIB and State Bank of India Private Sector Climate Action Initiative Launched at EU-India Leaders Meeting
Strengthened EIB support for climate action and environmental sustainability in Asia EIB investment in Neev Fund II one of its first equity operations in India Neev Fund II is a result of the shared commitment of the EIB and SBI to supporting climate action and environmental sustainability The private equity fund will invest up to […]
EIB backs € 3.4 billion investment for climate action and clean energy, sustainable transport, communications, water and private sector
€ 2 billion to scale up the use of renewable energy € 700 million for sustainable transport € 720 million for corporate research, innovation and business investment € 837 million for urban investment, housing, education and communications € 3.4 billion of new financing approved today by the European Investment Bank (EIB) will accelerate shift towards […]
EIB agrees to finance construction and operation of new solar plants in Kenya
The new Radiant and Eldosol projects are amongst the first to generate utility-scale solar power in East Africa. The European Investment Bank and FMO, the Dutch entrepreneurial development bank, have agreed to finance the construction and operation of two new solar photovoltaic plants in Kenya. EIB and FMO will each provide USD 53 million for […]
Climate Emergency: India offers financial and technical support to developing nations
The members of United Nations negotiated and adopted the Paris Agreement in which India made four commitments, including reducing greenhouse gas emission intensity of its GDP by 33-35 per cent below 2005 levels by 2030, under its NDC. In the run up to two key United Nation’s summits on Climate Change this month, India has […]
2020 US elections: No Democrat candidate offers bold plan for climate action
A number of polls suggest that Democrat voters also consider climate change to be a top-tier issue, as important as healthcare. Election Day is more than a year away, but the race among Democrats in the US to take back the White House is heating up. While the field consists of about 20 presidential hopefuls, […]
Green jobs: To reduce carbon footprints and achieve targets of Paris climate accord
The whole new concept of ‘green jobs’ aims to reduce carbon footprints in the ecosystem and minimize human extracting traditional fuels from nature. As the world faces rising effects of climate change which have endangered the survival of the human race on earth, there is a need to produce more ‘green jobs’ which can deteriorate […]
