Green Financing

Arya.ag NBFC arm plans to exceed ₹3K crore in commodity financing in FY26

Arya.ag does commodity financing through its NBFC arm, Aryadhan Financial Solutions Pvt Ltd

SBI signs Euro 100 mn line of credit with AFD to boost green financing

The funds raised will be used for climate mitigation actions aimed at reducing greenhouse gas emissions, the bank stated

SBI, AFD sign Euro 100 mn line of credit to boost green financing in India

The country's biggest lender State Bank of India (SBI) on Saturday said it has signed a Line of Credit agreement of EUR 100 million with Agence Franaise de Dveloppement (AFD) at its GIFT City branch at Gandhinagar. The funds mobilised through this partnership will be utilised in climate mitigation actions aimed at reducing greenhouse gas emissions to slow down global warming and climate adaptation measures designed to adjust systems, practices, and infrastructure to minimise the damage caused by current or anticipated impacts of climate change, SBI said in a statement. By empowering these measures, this collaboration strives to further advance India's transition to a low-carbon economy while enhancing resilience to climate-related risks, it said. The partnership is a strategic step towards SBI's goal of achieving a green portfolio constituting 7.5-10 per cent of its domestic gross advances by 2030, it said. Additionally, it will also enable the bank to provide competitive financing

24 Million Green Jobs by 2030: Here’s How to Get One

In this episode of Manager’s Mantra, Dr. Miniya Chatterji, CEO of Sustain Labs Paris, shares how sustainability is reshaping careers and why B-school grads should take note.

Clear green rules key for India to meet climate goals, says StanChart

In theory, a taxonomy would help clarify an investment's green credentials and mitigate greenwashing

GreenLine lines up additional $1 billion to expand its green fleet

GreenLine to raise $275 mn equity to fund green fuel, EV truck push

Shriram Finance eyes 20-fold growth over next 3 years in green portfolio

Green finance, which is financing of businesses that support environmentally friendly and sustainable projects, has struggled to pick up in India due to limited awareness, high transaction costs

Shriram Finance bets on green financing, targets Rs 5,000 cr AUM in 3 years

The green financing vertical will finance EVs, renewable energy products, energy-efficient machinery, and other sustainable solutions

Tax super-rich, fund just and green future: Greenpeace's poster at WEF

In a rare occurrence, rights group Greenpeace on Tuesday put up a poster inside the main venue of the World Economic Forum Annual Meeting here, calling for taxing the super-rich. "Tax the super rich. Fund a just & green future," read the yellow poster with black letters held by two volunteers in green T-shirts on a balcony right outside the Congress hall minutes before the opening plenary was to begin there. Greenpeace International, whose executive director Mads Christensen is participating in the meeting, is an independent campaigning organisation that uses non-violent creative confrontation to expose environmental problems. Earlier on Monday, Greenpeace activists from various countries blocked the arrivals of the participants of the World Economic Forum in Davos, Switzerland at the Lago heliport. In a statement, Greenpeace said, "As the planet burns and the rich grow richer, the link between inequality and environmental destruction becomes undeniable. "The richest 1 per cent ..

Shriram Finance consolidate green finance biz under Shriram Green Finance

Building on its existing expertise in financing electric vehicles, Shriram Green Finance will provide sharper focus and clarity to its sustainability efforts

Australia's Arafura Rare Earths secures $300 mn in finance from Canada

The Nolans project is slated to be the country's third rare earths processing plant

Chinese biofuel firms invest in 'green' jet fuel, eye new blending rule

The world's second-largest aviation market, with about 11 per cent of global jet fuel use, China is expected to unveil this year its policy on sustainable aviation fuel (SAF) use for 2030

Net-zero goal: Interim budget focuses on green economy, climate investments

In an effort to achieve net-zero carbon emissions, India will solarise rooftops of one crore households and provide viability gap funding for harnessing offshore wind energy potential with an initial capacity of one gigawatt, Finance Minister Nirmala Sitharaman said on Thursday. Presenting the interim budget for 2024-25, she also said that the government will mandate the phased blending of compressed biogas (CBG) in compressed natural gas (CNG) for transport and natural gas (PNG) for domestic purposes. The finance minister emphasised that the government would enable one crore households to obtain up to 300 units of free electricity every month through the rooftop solar programme. This will result in savings of up to Rs 18,000 annually for households from free solar electricity and selling the surplus to distribution companies, Sitharaman said. According to an analysis by the Council on Energy, Environment, and Water (CEEW), 20-25 gigawatts of rooftop solar capacity could be support

Sadhana Nitro Chem to set up green hydrogen facility; to raise Rs 50 cr

Sadhana Nitro Chem Ltd, which manufactures intermediate specialty chemicals, on Monday said it will set up a green hydrogen facility for captive usage and launch a rights issue to raise up to Rs 50 crore. In a regulatory filing, the company said it "will foray into land green energy for captive usage (self-consumption). The company will set up a green hydrogen facility, based on a solar plant and wind farm with a capacity of 15MW-20MW." The board also approved a rights issue, subject to necessary approvals from regulatory authorities. The rights shares are being offered at Rs 121 per share (a premium of Rs 120), and the company will look to raise up to Rs 49.95 crore. The funds for the rights issue will be mainly used for the acquisition of a 126-acre land plot. This land will be strategically employed for the establishment of both a solar power facility and a wind energy installation. "These sustainable energy sources will be harnessed to generate electricity, which, in turn, wil

COP28: UAE president announces $30 bn fund to bridge climate finance gap

In collaboration with global asset managers BlackRock, Brookfield and TPG, ALTÉRRA has committed $6.5 billion to climate-dedicated funds for global investments, including the Global South

COP28 boosts green financing; UAE holds 19% of global sustainable bonds

Al-Natoor noted that there have been no governmental Sukuk issuances within this framework to date

Rs 5,000 cr sovereign green bond sale to test demand amid higher rates

The debut sale in January raised 80 billion rupees, garnering a so-called greenium of six basis points over the benchmark yield

Adani Green in talks to borrow $1.8 billion loan from foreign lenders

The loan proceeds will be used to build new capacity in solar and wind projects, said the people, who asked not to be named as the matter is private

Green deposits offering higher interest than regular FDs, should you pick

Green deposits are essentially deposits raised for the purpose of utilising the proceeds towards financing of green projects/activities

AU Small Finance Bank launches its first Green FD: All you need to know

he Green Fixed Deposit offers an interest rate of up to 8.50 per cent, with a minimum investment requirement of Rs 5,000.