Financial institutions need to work with emitters instead of jettisoning them to green their portfolios, said panellists at the Unlocking Capital for Sustainability event organised by Eco-Business.
Atom-splitting could help India 'leapfrog' fossil fuels, according to Delhi-based climate entrepreneurs. One investor at the Unlocking Capital for Sustainability event said the risk of nuclear accidents was 'overblown'.
The country’s largest bank pledged that it will reduce its coal exposure by half by 2033, though it qualifies that this does not include short-term working capital “that companies will need to transition out of the coal business”. It says it has not been financing any new capacity since 2019.