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India 2017 Coal vs Renewable Report

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A new analysis of energy project lending shows that majority of government-owned banks and financial institutions continued to fund coal projects in 2017. The same analysis also reveals private financial companies are comparatively investing more in renewable energy (RE) projects compared to coal. The report finds that coal received ₹60,767 crores (US$9.35 billion) in lending whereas RE received ₹22,913 crores (US$3.50 billion).

The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org

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Published in: Economy & Finance
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