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Citi targets $250bn environmental financing by 2025, as Moody's unveils science-based targets

By : Chetanya Mehra, Jul 31, 2020

Citi’s so-called ‘environmental finance’ goal forms part of a new five-year sustainable progress strategy, which it claims will make it “the world’s leading bank in driving the transition to a...

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Gujarat spent less than 5% of Rs 1,048 crore budget allocated for climate change

By : Sustainability ..., Dec 30, 2019

Gujarat was the first state in India to constitute a climate change department in 2009. A decade later, its performance has been rather dismal. Of the Rs 1,048.26 crore allocated in the 2019-20 budget to the department that was the brain-child of the then chief minister...

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Investment to fight climate change dropped 11 per cent to $546 billion last year

By : Sustainability ..., Nov 8, 2019

Global climate finance reached a record high of $612 billion in 2017 driven by renewable energy and lower-carbon transport capacity additions in China, US and India and increased public commitment to energy efficiency but dropped 11 per cent to $546 billion in 2018 due to...

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Social enterprise Sistema.bio raises $12M, to help 2 lakh farmers in India and globally

By : Sustainability ..., May 28, 2019

Social enterprise Sistema.bio on Monday said it had raised $12 million from investors, to help two lakh farmers globally, including India, over the next three years. "Shell Foundation, DILA...

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ADB should expand private sector operations: Garg

By : Sustainability ..., May 6, 2019

Asserting that Asia continues to be the growth engine of the world, Economic Affairs Secretary Subhash Chandra Garg on Saturday said the ADB must expand its private sector operations to boost...

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ADB raises US$1.25 billion in global Green Bonds for climate mitigation projects

By : sustainabilityo..., Aug 4, 2017

The Asian Development Bank (ADB) has raised US$1.25 billion to help finance climate change mitigation and adaptation projects by issuing dual-tranche 5-year (US$750 million) and 10-year green...

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