India Says Aye to Carbon Tax on the Shipping Industry
The proposed global carbon tax require ships to switch to lower-emission fuels or pay pollution fees starting 2028, potentially generating $40 billion by 2030
SBTi Revising Net-Zero Standard
The new net-zero standard draft aims to accelerate corporate decarbonization by providing a science-based framework for businesses to join the 3,000 with net-zero targets.
KCB Bank Receives $100 Million for Climate Projects
The KCB Bank has secured a $100 million tier-2 capital facility from British International Investment for climate-related projects and women-led SMEs in the country
Budget 2025: Incentivize Green Action, Focus on Impact
The ESG and sustainability industry is pinning its hopes on Budget 2025, more so for the cumulative impact of the measures and initiatives announced by the Center
Key Takeaways from COP29: WEF
COP29 summit in Baku underscored the global climate agenda, and also highlighted complex geopolitical backdrop, emphasizing urgent action against climate change
India to Resist Shift in Focus from Climate Finance to Mitigation
India expressed dissatisfaction with the CoP29 summit and pledged to resist any shift in focus from climate finance to mitigation
Is a Breakthrough Possible at COP29?
As COP29 draws to a close, delegates await updates on negotiations regarding a new climate finance target during COP29 climate talks
India Pushes for Equitable Climate Action
Though India met its 2015 emission reduction targets, it still faces significant challenges in balancing economic growth with climate action.
MDBs Pledge $120B Climate Finance
Multilateral development banks (MDBs) have pledged $120 billion in climate finance for countries to achieve climate outcomes
Climate finance Target: Real or Hogwash?
India is advocating for a $1 trillion annual climate finance target at the Azerbaijan United Nations Climate Change Conference or COP29
IFC’s $400 Million Support to Bajaj Finance Fund Raising Initiative
The funding for Bajaj Finance aims to support women-owned microenterprises, improve access to climate finance for EVs and EECG, promote financial inclusion
$78 T Needed to Achieve Net-Zero and 1.5 C Warming
A new report says that decisive action is needed to achieve net-zero by 2050, as world is currently on path for 2.5˚C to 3˚C global warming
