State-owned green financing company Indian Renewable Energy Development Agency Limited (IREDA) has achieved its highest-ever annual loan sanctions and disbursements in the just-concluded financial year 2023-24.
Governments in the region are expected to intensify efforts in transitioning to clean energy, leveraging policy initiatives, sectoral reforms, innovative technologies, cost-effectiveness, and green financing, despite challenges posed by stretched fiscal positions.
Fitch Ratings has affirmed the critical role that COP28 will play in raising awareness of sustainability issues in the region and steering investment and financial requirements towards a more environmentally responsible approach.
Through its three sessions, the latest edition of the forum discusses the issues of climate change, green financing and sustainability; institutional adoption; regulation of digital assets; and digitisation and innovation in capital markets.
A sovereign green bond is a debt investment instrument issued by the central or state government to borrow money from investors with the commitment that the mobilized fund will be spent on climate or ecosystem-related activities.
New Delhi [India], July 21 (ANI): While emphasizing that the global market capitalization in the green economy is only 7 per cent with value standing at USD 7 trillion and though growing at a fast pace, green financing could become a bright and robust stand in the growing US-India economic r