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World Bank: No Matter What Governments Do — Big Climate Change Is Coming

By : Sustainability ..., Nov 25, 2014

Some future impacts of climate change, such as more extremes of heat and sea level rise, are unavoidable even if governments act fast to cut greenhouse gas emissions, the World Bank said on Sunday.
Past and predicted emissions from power plants, factories and...

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Govt ropes in states to meet 24x7 power goal in 5 years

By : Sustainability ..., Nov 5, 2014

The Centre has prepared a detailed roadmap in consultation with states to make India “diesel generator and inverter free” in the next five years, and fulfill the Narendra Modi government’s promise to provide 24x7 power to every home, factory and farm and put the country back...

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Subject Tags: energy , India , policy , World Bank

Nereus Capital Raises IFC Investment for India Projects

By : Sustainability ..., Sep 2, 2014

The World Bank’s International Finance Corp. unit has agreed to invest in a fund managed by Nereus Capital Management LLC that’s targeting clean-energy companies in India.
The $20 million investment is part of $250 million that Nereus plans to raise in the next year,...

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World Bank to fund ecologically safe power projects

By : Sustainability ..., Aug 11, 2014

A World Bank economist has said that the lender will fund only those hydropower projects where safeguards are in place to prevent any adverse impact on the environment.

"We are prepared to support only those good hydro-power projects in India which make economic sense...

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Green dreams: judging the BRICS bank climate ambitions

By : Sustainability ..., Jul 23, 2014

Does the new development bank launched by Brazil, Russia, India, China and South Africa last week herald a new age in low carbon financing? It is a question leading economists and civil society observers have been asking for some time, with few answers...

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World Bank to invest $775 million in clean energy projects across India

By : Sustainability ..., Jul 7, 2014

 The World Bank plans to invest $775 million in clean-energy projects across India, even as it expects that the new government's plan to give fiscal and policy support to the sector will galvanise further investment in renewable energy.

"The support shown by the new...

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U.S. Ex-Im Bank weighs loan to major India coal project

By : Sustainability ..., Jul 4, 2014



The U.S. Export-Import Bank is considering financing a massive coal-fired power plant in India despite the fact the Obama administration has called on domestic and global public lenders to stop funding coal-plants in his climate change strategy.


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Subject Tags: bank , Technology , World Bank

India, World Bank sign $100m agreement to suport green growth in HP

By : Sustainability ..., Jun 12, 2014

 The Government of India, the Government of Himachal Pradesh (GoHP), and the World Bank today signed a $100 million development policy loan (DPL) agreement to help Himachal Pradesh (HP), a mountain state richly endowed with natural resources, move towards a more...

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IMF, World Bank Push for Price on Carbon

By : Sustainability ..., Apr 14, 2014

The IMF and World Bank on Friday urged world finance ministers to impose a price on carbon, warning that time was running out for the planet to avoid worst-case climate change.

The heads of the two global economic...

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India to ask World Bank for USD 500 million for first phase of 4 GW solar PV

By : Sustainability ..., Feb 10, 2014

India's Ministry of New and Renewable Energy (MNRE) has initiated the process to ask the World Bank (Washington D.C.) for a USD 500 million loan to be used to support the first 750 MW of a massive solar photovoltaic (PV) project in the state of Rajasthan...

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Subject Tags: World Bank