Live From UNGA - Day 5 | A Major Meeting on Energy Transition | ICRC Head Peter Maurer | UN Foundation President and CEO Elizabeth Cousens undispatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from undispatch.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Ten years ago, solar power barely existed in India. Now the country is adding more generation capacity from solar than coal. It’s showing other…
Synopsis
The rise of ReNew came as India was wrestling with myriad problems: widespread corruption, a frustrating bureaucracy, and the high cost of capital. When the company was founded in 2011, the country ranked 134th in the World Bank’s ease of doing business index, below China and Russia.
AP
In India’s highly regulated power sector, the customers ReNew found weren’t households but state utilities.
Ten years ago, solar power barely existed in India. Now the country is adding more generation capacity from solar than coal. It’s showing other sun-soaked developing countries how to rapidly deploy cleaner energy even in the face of corruption, red tape, and weak finances.
India is showing developing countries how to quickly transition to solar business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
RELEASE: Renewed U.S.-India Climate Cooperation Should Focus on Driving Foreign Investment to India’s Green Transition, New Report Says
Date: February 18, 2021
Contact: Sam Hananel
Washington, D.C. The United States and India should work together to encourage greater foreign institutional investment in India’s green transition in order to help further progress the global effort to combat climate change, according to a new report from the Center for American Progress and India’s Council on Energy, Environment and Water.
The report recommends that President Joe Biden and Prime Minister Narendra Modi launch a U.S.-India Green Transition Finance Initiative, a program to mobilize private finance for India’s sustainable transition and make it the centerpiece of a new leaders-level climate change strategy.