You are here: Home » Economy & Policy » News
Business Standard
Web Exclusive

India scurries on green bond plans to secure energy needs ahead of Europe

Both regions seek to attract big money to build renewable capacity and prune reliance on Russian gas following the outbreak of the Ukraine war

Topics
renewable energy | Green bonds | Russia Ukraine Conflict

Subhomoy Bhattacharjee  |  New Delhi 

There are 10 projects planned for strengthening the existing system or ramping up capacity of the power transmission system in states

The planned issue of sovereign by India is its riposte to the reported mega issue of EU bonds, to jointly finance the development of renewable capacity in Europe. While there has been no subsequent announcement by the EU about the plans after they was reported by Bloomberg last week, the Indian plans are firm. The EU response was supposed to be a fallout of the Russia-Ukraine war that has pushed these countries to try out new ways to reduce their dependence on Russian gas that currently provides 40 per cent of the continent’s energy needs.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, March 16 2022. 20:12 IST
RECOMMENDED FOR YOU
.