Green issuers are supported by rising global appetite for Indian notes. India’s goal to more than double energy generation from renewable sources is fueling bets that debt offerings from green companies may grow. Adani Green Energy kicked off a roadshow for a potential dollar bond as Prime Minister Narendra Modi announced the more ambitious plans. […]
India important actor in climate action, making fantastic efforts in renewable energy: UN chief
“India is a very important actor and “fundamental partner” in international efforts on climate action,” UN chief Antonio Guterres has said. UNITED NATIONS: India is a very important actor and “fundamental partner” in international efforts on climate action and is making a “fantastic effort” to grow its renewable energy basket, UN chief Antonio Guterres has […]
Power contracts can’t be junked but renegotiation needed: Andhra Pradesh
Embarrassed by July 12 letters to green power producers: Advocate general S Sriram NEW DELHI: Andhra Pradesh government has told in the high court it has realised that renewable power contracts with developers cannot be terminated and was embarrassed by its move towards this, but said power purchase agreements need to be renegotiated. State advocate […]
Climate change: India pitches for financial support
In the run-up to two key UN summits on Climate Change, India has raised the pitch for finance and technology support to developing nations to achieve the Paris Agreement goals of keeping a global average temperature rise this century well below 2 degrees Celsius. Union Minister for Environment, Forest and Climate Change Prakash Javadekar said […]
Narendra Modi and India’s new climate change norms
At the start of the republic, India found a normative voice on the global stage through its moral stand against colonialism. Now a rising India needs a new normative agenda. It might get it through environmental policy. From the very beginning of the Indian republic, many of its leaders were convinced of its “unique capacity […]
Prime Minister Narendra Modi will be attending UN Climate Action Summit 2019 in New York on September 23rd
Hack: Prime Minister Narendra Modi will attending UN Climate Action Summit 2019 in New York on September 23 According to PTI, PM Modi will also address Indian-Americans in Houston and Chicago during his trip lasting from September 20 to 23 Houston has one of the largest concentrations of the Indian American community in the US with the Texas […]
Auto industry gets an electric boost in FY20 Budget
Finance Minister Nirmala Sitharaman’s maiden Budget provides tax incentives and GST cuts for electric vehicles. ‘The future is electric,’ reiterates the Union Budget 2019-20. In her maiden Budget speech on Friday, Finance Minister Nirmala Sitharaman announced an income tax deduction of ₹1.5 lakh on loans for electric vehicles to incentivise their purchase. The loan is […]
Union Budget 2019: Centre to implement ‘One Nation, One Power’ grid to end India’s power woes
The Narendra Modi government is looking to implement ‘One Nation, One Power’ grid in the power sector, to ensure power connectivity to states at affordable rates, union finance minister Nirmala Sitharaman said in the union budget announcement on Friday in the Parliament. A package for power sector tariff and structural reforms to the sector will […]
India sees boosting green power by 2030, overtaking climate goal
Solar and wind projects are seen constituting 440 gigawatts of capacity out of the projected 831 gigawatts in more than a decade. Solar and wind energy projects may constitute over half of India’s total power capacity by 2030, according to a draft report by the country’s power-planning body, which sees the country surpassing its climate […]
WTO rules for India in dispute with US on solar-panel incentives
The ruling could further inflame US-Indian tensions at a time when the two trade partners are engaged in an escalating tit-for-tat tariff battle A series of U.S. renewable energy incentives violated international trade rules, according to the World Trade Organization, threatening to stoke tensions between the two countries as President Donald Trump prepares to meet […]