India must speed up clean shift in finance, report says

Published 10:03 on March 4, 2022  /  Last updated at 10:03 on March 4, 2022  /  Asia Pacific, Other APAC  /  No Comments

Ongoing financing of coal fired-power construction in India will make it harder for the country to meet its stated target to reduce the carbon intensity of its economy by 45% by 2030, and in turn keep its climate pathway unaligned with Paris Agreement goals, a report has found.

Ongoing financing of coal fired-power construction in India will make it harder for the country to meet its target to reduce the carbon intensity of its economy by 45% by 2030, which in turn will keep its climate pathway unaligned with Paris Agreement goals, a report has found.

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